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Bank Branch Building 475 E 200 S 22,304 SF 100% Leased Office Building Salt Lake City, UT 84111 $2,562,000 ($114.87/SF)
Investment Highlights
- Great visibility on hard corner in periphery of Downtown Salt Lake City
- Please do not disturb tenants
- Shown by appointment only
Executive Summary
• Sale & Partial Leaseback: Bank to leaseback 4,414 sf (19.8%) for 7 years
• Credit Tenant: Bank tenant is rated A+
• Location: Prime visibility and strategically located on the hard corner of 500 East and 400 South
• Strong Area Demographics: Within a 3-mile radius, there are 64,185 households featuring average annual income of $114,455 with daytime population of 138,112
• Covered-Land Play: Asking price of $2,562,000 provides a strong land-basis of $83 PSF should bank tenant vacate from the premises
• Shown by appointment only
• Please do not disturb tenants
• Credit Tenant: Bank tenant is rated A+
• Location: Prime visibility and strategically located on the hard corner of 500 East and 400 South
• Strong Area Demographics: Within a 3-mile radius, there are 64,185 households featuring average annual income of $114,455 with daytime population of 138,112
• Covered-Land Play: Asking price of $2,562,000 provides a strong land-basis of $83 PSF should bank tenant vacate from the premises
• Shown by appointment only
• Please do not disturb tenants
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Building Size
22,304 SF
Building Class
C
Year Built
1965
Price
$2,562,000
Price Per SF
$114.87
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,152 SF
Building FAR
0.72
Lot Size
0.71 AC
Zoning
R-MU - Residential/Mixed Use
Parking
45 Spaces (2.02 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (90)
Property Taxes
| Parcel Number | 16-06-206-029-0000 | Improvements Assessment | $113,700 |
| Land Assessment | $4,143,600 | Total Assessment | $4,257,300 |
Property Taxes
Parcel Number
16-06-206-029-0000
Land Assessment
$4,143,600
Improvements Assessment
$113,700
Total Assessment
$4,257,300
Contacts
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JT Redd -
Jesse Mangum -
Kip Paul -
Michael King -
James Hunsinger -
Cushman & Wakefield
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Bank Branch Building | 475 E 200 S
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