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2431 S 1070 W 16,788 SF Industrial Building Salt Lake City, UT 84119 $4,592,000 ($273.53/SF) 6.15% Cap Rate
Investment Highlights
- Strategic Salt Lake City location within a well-established industrial and distribution corridor.
- Convenient connectivity to Salt Lake City International Airport and intermodal facilities.
- Suitable for warehouse, distribution, manufacturing, logistics, and service-industrial users.
- Excellent access to Interstate 15, Interstate 80, and major regional transportation routes.
- Central location supports efficient service throughout the Wasatch Front and Mountain West region.
- Strong labor pool and access to one of Utah's fastest-growing economic markets.
Executive Summary
• Strong Global Tenant - Brink's is a global leader in secure cash logistics and cash management solutions, operating in more than 100 countries with approximately 1,300 branches and a fleet of 16,000+ armored vehicles. The company provides mission-critical services to banks, retailers, and government agencies, including cash-in-transit, ATM servicing, vault management, and cash processing. Founded in 1859, Brink's has over 165 years of operating history, generated approximately $5.26 billion in 2025 revenue, and maintains a BB+ credit rating.
• Rare Infill Salt Lake City Location - Strategically located within the heart of Salt Lake City, the Property benefits from immediate access to I-215, I-80, I-15, and SR-201, providing exceptional connectivity throughout Utah and the Intermountain West. Situated just minutes from Salt Lake City International Airport, Downtown Salt Lake City, and Delta Center - home of the NBA's Utah Jazz. The surrounding West Valley City submarket is home to a diverse concentration of national employers including Amazon, UPS, FedEx, PepsiCo, Frito-Lay, Sysco, and Ferguson.
• Committed 30+ Year Tenant / Passive Lease / 3.25% Annual Rent Increases – Brink's has occupied the Property since its original build-to-suit development in 1994, demonstrating over 30 years of continuous occupancy at this mission-critical location. The Industrial NNN lease structure is highly passive and features impressive +/- 3.25% annual rent increases, providing predictable income growth and a strong hedge against inflation.
• Functional Facility with Excess Yard / Significant Recent Capital Improvements – The +/- 16,788 SF concrete warehouse is situated on ±1.82 acres (21% building-to-land coverage) and features two (2) dock-high doors, four (4) grade-level doors, and excess paved yard area, providing an efficient layout for Brink's armored transport, fleet maintenance, and cash-handling operations. The Property recently underwent a comprehensive parking lot/yard reconstruction, including full asphalt removal, geotechnically verified subgrade remediation, new road base installation, 4-inch asphalt paving, and restriping, representing a nearly $300,000 capital investment that enhances the long-term functionality and durability of the asset
• Rare Infill Salt Lake City Location - Strategically located within the heart of Salt Lake City, the Property benefits from immediate access to I-215, I-80, I-15, and SR-201, providing exceptional connectivity throughout Utah and the Intermountain West. Situated just minutes from Salt Lake City International Airport, Downtown Salt Lake City, and Delta Center - home of the NBA's Utah Jazz. The surrounding West Valley City submarket is home to a diverse concentration of national employers including Amazon, UPS, FedEx, PepsiCo, Frito-Lay, Sysco, and Ferguson.
• Committed 30+ Year Tenant / Passive Lease / 3.25% Annual Rent Increases – Brink's has occupied the Property since its original build-to-suit development in 1994, demonstrating over 30 years of continuous occupancy at this mission-critical location. The Industrial NNN lease structure is highly passive and features impressive +/- 3.25% annual rent increases, providing predictable income growth and a strong hedge against inflation.
• Functional Facility with Excess Yard / Significant Recent Capital Improvements – The +/- 16,788 SF concrete warehouse is situated on ±1.82 acres (21% building-to-land coverage) and features two (2) dock-high doors, four (4) grade-level doors, and excess paved yard area, providing an efficient layout for Brink's armored transport, fleet maintenance, and cash-handling operations. The Property recently underwent a comprehensive parking lot/yard reconstruction, including full asphalt removal, geotechnically verified subgrade remediation, new road base installation, 4-inch asphalt paving, and restriping, representing a nearly $300,000 capital investment that enhances the long-term functionality and durability of the asset
Property Facts
| Price | $4,592,000 | Lot Size | 1.82 AC |
| Price Per SF | $273.53 | Rentable Building Area | 16,788 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.15% | Year Built/Renovated | 1994/2025 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | B/RP - Business-Professional | ||
| Price | $4,592,000 |
| Price Per SF | $273.53 |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.82 AC |
| Rentable Building Area | 16,788 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1994/2025 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
| Zoning | B/RP - Business-Professional |
Fairly walkable
40/100
Exceptionally drivable
100/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 15-23-301-022-0000 | Improvements Assessment | $2,775,100 |
| Land Assessment | $843,700 | Total Assessment | $3,618,800 |
Property Taxes
Parcel Number
15-23-301-022-0000
Land Assessment
$843,700
Improvements Assessment
$2,775,100
Total Assessment
$3,618,800
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