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2411 S 1070 W
Salt Lake City, UT 84119
Office Property For Sale
INVESTMENT HIGHLIGHTS
- 5 Year remaining on lease, 2-5 year extension periods with annual increases
- Easy access to Trax
- Priced under replacement cost
EXECUTIVE SUMMARY
Long term Triple Net Leased Investment
*Corporate Guaranteed by Recovery Innovations Inc.
*14,274 Sq Ft
*Residential Treatment Center
*Recession proof
Priced under replacement cost
Lot Size: 1.55 AC
*Zone: ??
*Built: 1995
*BACKUP Generator
*Easy Access to Trax
5+ years remaining with annual increases
2, 5 Year Extension Periods with annual increases
Buyer to work with Sellers 1031 Exchange
Please DO NOT disturb tenants- Call Broker
*Corporate Guaranteed by Recovery Innovations Inc.
*14,274 Sq Ft
*Residential Treatment Center
*Recession proof
Priced under replacement cost
Lot Size: 1.55 AC
*Zone: ??
*Built: 1995
*BACKUP Generator
*Easy Access to Trax
5+ years remaining with annual increases
2, 5 Year Extension Periods with annual increases
Buyer to work with Sellers 1031 Exchange
Please DO NOT disturb tenants- Call Broker
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
14,274 SF
Building Class
B
Year Built
1995
Price
$3,200,000
Price Per SF
$224.18
Cap Rate
6.20%
NOI
$198,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
14,274 SF
Building FAR
0.21
Lot Size
1.55 AC
Opportunity Zone
Yes
Zoning
B/RP - Offices, business-park type development, research or light business operations
Parking
80 Spaces (3 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Commuter Rail
- Courtyard
- Day Care
- Signage
- Central Heating
- Fully Carpeted
- Recessed Lighting
- Drop Ceiling
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 15-23-181-005-0000 | Improvements Assessment | $1,844,500 |
| Land Assessment | $437,400 | Total Assessment | $2,281,900 |
PROPERTY TAXES
Parcel Number
15-23-181-005-0000
Land Assessment
$437,400
Improvements Assessment
$1,844,500
Total Assessment
$2,281,900
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