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Burton Avenue Industrial Properties 4 Properties Offered at $6,250,000 in Multiple Locations
Investment Highlights
- Value-add industrial investment
- Opportunity Zone
- Well-located covered land investment opportunity
Executive Summary
Northmarq is pleased to offer this value-add versatile +/- 31,881 SF industrial property on 1.32 acres with significant upside in rental rates and space optimization, and future redevelopment opportunities as this is located in an Opportunity Zone. The buildings have been thoughtfully improved over time and serve a diverse tenant mix - making the property ideal for both investors and owner-users seeking flexible space in a supply-constrained industrial market.
The property is priced at $6,250,000 with in-place NOI of $318,779. Property appraisals confirm that market rents in the submarket average approximately $10.50-12.00/SF NNN, with several referenced leases and comparable properties supporting an $11.00/SF NNN market benchmark. The appraisals’ sales comparables place local industrial values near $205/SF on average, with some recently improved buildings trading higher, up to $230/SF.
The property is priced at $6,250,000 with in-place NOI of $318,779. Property appraisals confirm that market rents in the submarket average approximately $10.50-12.00/SF NNN, with several referenced leases and comparable properties supporting an $11.00/SF NNN market benchmark. The appraisals’ sales comparables place local industrial values near $205/SF on average, with some recently improved buildings trading higher, up to $230/SF.
Property Facts
| Price | $6,250,000 | Number of Properties | 4 |
| Price / SF | $201.29 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 31,050 SF |
| Status | Active | Total Land Area | 1.32 AC |
| Price | $6,250,000 |
| Price / SF | $201.29 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 31,050 SF |
| Total Land Area | 1.32 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Building #1
153 W Burton Ave, Salt Lake City, UT 84115 |
Industrial | 14,000 SF | 1973 | - |
|
Building #3
169 W Burton Ave, Salt Lake City, UT 84115 |
Industrial | 5,550 SF | 1973 | - |
|
Building #2
157 W Burton Ave, Salt Lake City, UT 84115 |
Retail | 11,500 SF | 1973 | - |
| 171 W Burton Ave, South Salt Lake, UT 84115 | Land | 0.22 AC | - | - |
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Burton Avenue Industrial Properties
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