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669 W 900 N 25,960 SF 100% Leased Flex Building North Salt Lake, UT 84054 $13,000,000 ($500.77/SF) 6.55% Cap Rate
Executive Summary
The subject property presents a compelling mark-to-market value-add opportunity. The property has below-market space with a current rent of $1.00 PSF, while the market rent is $1.60 PSF.
Property Facts
| Price | $13,000,000 | Lot Size | 3.94 AC |
| Price Per SF | $500.77 | Rentable Building Area | 25,960 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 6.55% | Year Built | 1998 |
| Property Type | Flex | Parking Ratio | 3.47/1,000 SF |
| Building Class | C | ||
| Zoning | MD | ||
| Price | $13,000,000 |
| Price Per SF | $500.77 |
| Sale Type | Investment |
| Cap Rate | 6.55% |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 3.94 AC |
| Rentable Building Area | 25,960 SF |
| No. Stories | 2 |
| Year Built | 1998 |
| Parking Ratio | 3.47/1,000 SF |
| Zoning | MD |
Amenities
- Solar Panels
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 06-180-0001 | Improvements Assessment | $3,655,374 |
| Land Assessment | $1,325,993 | Total Assessment | $4,981,367 |
Property Taxes
Parcel Number
06-180-0001
Land Assessment
$1,325,993
Improvements Assessment
$3,655,374
Total Assessment
$4,981,367
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