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Airport Park 176 N 2200 W 29,040 SF 49% Leased Office Building Salt Lake City, UT 84116 $3,490,000 ($120.18/SF) 3.46% Cap Rate
Investment Highlights
- Strong WALT
- Exceptional Highway Access
- North Temple Corridor (Power District)
- Airport-Driven Tenant Synergy
- #1 Ranked Airport Proximity
- Dense, Affluent Trade Area
Executive Summary
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Airport Business Park Building 176 ("Building 176" or "the Property"), located at 176 North 2200 West in Salt Lake City, Utah. The Property comprises a 29,040-square-foot multi-tenant office building along the high-growth North Temple corridor, offering an airport-adjacent, functional office layout with broad accessibility and appeal to office, aviation-adjacent, and government-related occupiers.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
29,040 SF
Building Class
C
Year Built/Renovated
1978/1998
Price
$3,490,000
Price Per SF
$120.18
Cap Rate
3.46%
NOI
$120,754
Percent Leased
49%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,520 SF
Building FAR
0.41
Lot Size
1.62 AC
Zoning
MU-8 - Mixed Use 8
Parking
91 Spaces (3.13 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 100
- 6,105 SF
- Office
- Partial Build-Out
- Now
- 1st Fl-Ste 150
- 3,489 SF
- Office
- -
- Now
- 2nd Fl-Ste 220
- 1,194 SF
- Office
- Partial Build-Out
- Now
- 2nd Fl-Ste 260
- 3,593 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 100 | 6,105 SF | Office | Partial Build-Out | Now |
| 1st Fl-Ste 150 | 3,489 SF | Office | - | Now |
| 2nd Fl-Ste 220 | 1,194 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 260 | 3,593 SF | Office | Partial Build-Out | Now |
1st Fl-Ste 100
| Size |
| 6,105 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 150
| Size |
| 3,489 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl-Ste 220
| Size |
| 1,194 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 260
| Size |
| 3,593 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-33-427-001-0000 | Improvements Assessment | $51,100 |
| Land Assessment | $3,193,200 | Total Assessment | $3,244,300 |
Property Taxes
Parcel Number
08-33-427-001-0000
Land Assessment
$3,193,200
Improvements Assessment
$51,100
Total Assessment
$3,244,300
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