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2411 S 1070 W 14,274 SF 100% Leased Office Building Salt Lake City, UT 84119 $3,200,000 ($224.18/SF) 6.20% Cap Rate
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
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Recovery Innovations
- Health Care and Social Assistance
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Recovery Innovations | Health Care and Social Assistance | 99,999 SF | - | - |
1 1
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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2411 S 1070 W
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