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231 E 400 S
Salt Lake City, UT 84111
Library Square Center · Office Property For Sale
Investment Highlights
- Rare value-add opportunity Downtown SLC
- Tons of upside
- Private 3 story parking garage
- Short term leases
- Located on 400 South across from a Trax Stop
Executive Summary
Prime value-add opportunity in Downtown SLC. Majority of leases are month-to-month and well below market. Located on 400 South across from a Trax stop. Square footages are approximates only, Seller doesn't know the square footage for the individual units or total building size. Total Building size is approximately 54,815 based on County record. Fire suppression is installed in the parking garage and in the building in the basement level and the first floor.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Building Size
55,000 SF
Building Class
C
Year Built/Renovated
1963/2005
Price
$11,500,000
Price Per SF
$209.09
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
11,000 SF
Slab To Slab
10’
Building FAR
1.43
Lot Size
0.88 AC
Zoning
TSA-UC-Core - An urban center station contains the highest relative intensity level and mix of uses. The type of station area is meant to support Downtown Salt Lake
Parking
132 Spaces (2.4 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Commuter Rail
- Signage
Property Taxes
| Parcel Number | 16-06-326-015-0000 | Improvements Assessment | $2,972,400 |
| Land Assessment | $2,122,700 | Total Assessment | $5,095,100 |
Property Taxes
Parcel Number
16-06-326-015-0000
Land Assessment
$2,122,700
Improvements Assessment
$2,972,400
Total Assessment
$5,095,100
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