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Kesnington Building 1518-1524 S 1100 E 10,102 SF 100% Leased Office Building Salt Lake City, UT 84105 $2,067,000 ($204.61/SF) 7.03% Cap Rate
Executive Summary
We are selling this property as an investment sale with a CAP rate of 6.8%. We have also factored in a $60,000 dollar price cut so that our buyer has some excess funds available to address some deferred maintenance. If you're working with a client in a 1031 or you just like the area, this property is a must see. Please feel free to reach out with any questions that may arise.
CAP rate is 6.8% at $2,127,000. We have factored in a $60,000 budget for deferred maintenance leading us to a 6.8% CAP at $2,067,000.
CAP rate is 6.8% at $2,127,000. We have factored in a $60,000 budget for deferred maintenance leading us to a 6.8% CAP at $2,067,000.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$145,372
|
$14.39
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $145,372 |
| Annual Per SF | $14.39 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
10,102 SF
Building Class
C
Year Built
1969
Price
$2,067,000
Price Per SF
$204.61
Cap Rate
7.03%
NOI
$145,372
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,051 SF
Slab To Slab
9’
Building FAR
0.59
Lot Size
0.39 AC
Zoning
2000 - 2000 Commercial Zoning
Parking
30 Spaces (2.97 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 16-17-206-028-0000 | Improvements Assessment | $0 |
| Land Assessment | $126,100 | Total Assessment | $126,100 |
Property Taxes
Parcel Number
16-17-206-028-0000
Land Assessment
$126,100
Improvements Assessment
$0
Total Assessment
$126,100
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Contact the Sale Advisor
Kesnington Building | 1518-1524 S 1100 E