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Salt Lake Industrial Net Lease Investment 2411 S 1070 W 14,274 SF Office Building Salt Lake City, UT 84119 $2,975,000 ($208.42/SF) 6.67% Cap Rate
Investment Highlights
- 5 Years remaining, 2, 5 year extension periods with annual increases
- Great location for easy access to public rail station
- Priced under replacement cost
Executive Summary
* Triple Net Investment
* Strong Corporate Guarantee
* Long Term Lease with multiple options to extend
* Residential Treatment Center
* Significant Investment made by tenant
* Priced under replacement cost
* Lot Size: 1.55 AC
* Built: 1995
* BACKUP Generator
* Easy access to public transportation
* Please DO NOT disturb tenants- Call Broker
* Strong Corporate Guarantee
* Long Term Lease with multiple options to extend
* Residential Treatment Center
* Significant Investment made by tenant
* Priced under replacement cost
* Lot Size: 1.55 AC
* Built: 1995
* BACKUP Generator
* Easy access to public transportation
* Please DO NOT disturb tenants- Call Broker
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$198,551
|
$13.91
|
Financial Summary (Actual - 2026)
| 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 | $198,551 |
| Annual Per SF | $13.91 |
Property Facts
Sale Type
Investment
Property Type
Building Size
14,274 SF
Building Class
B
Year Built/Renovated
1995/2020
Price
$2,975,000
Price Per SF
$208.42
Cap Rate
6.67%
NOI
$198,551
Tenancy
Single
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, residential treatment center
Parking
80 Spaces (3 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Courtyard
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Odyssey House
- Health Care and Social Assistance
- 14,274 SF
- $13.91
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Odyssey House | Health Care and Social Assistance | 14,274 SF | $13.91 | Triple Net | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 15-23-181-005-0000 | Improvements Assessment | $1,844,500 (2025) |
| Land Assessment | $437,400 (2025) | Total Assessment | $2,281,900 (2025) |
Property Taxes
Parcel Number
15-23-181-005-0000
Land Assessment
$437,400 (2025)
Improvements Assessment
$1,844,500 (2025)
Total Assessment
$2,281,900 (2025)
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Salt Lake Industrial Net Lease Investment | 2411 S 1070 W
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