Building K | 1290 W 2320 S
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Building K 1290 W 2320 S
23,017 SF 100% Leased Flex Building Salt Lake City, UT 84119 $2,522,000 ($110/SF) 8.21% Cap Rate
Executive Summary
• Desirable flex configuration totaling 23,017 sf, features restaurant/catering (10,243 sf), office (7,497 sf), and warehouse (5,277 sf)
• Mark-to-market opportunity as multiple tenants are on MTM leases with below market rents, estimated to be $0.75 PSF (in-place rent currently averages $0.60 PSF)
• Situated in the robust Metro Business Park, comprising 13 buildings totaling 842,000 sf
• Adjacent to the 201Freeway and Redwood Road, providing access throughout the region
• A short 5-minute walk from the River Trail TRAX light rail station
• At the center of the office-warehouse district of Salt Lake City
• Mark-to-market opportunity as multiple tenants are on MTM leases with below market rents, estimated to be $0.75 PSF (in-place rent currently averages $0.60 PSF)
• Situated in the robust Metro Business Park, comprising 13 buildings totaling 842,000 sf
• Adjacent to the 201Freeway and Redwood Road, providing access throughout the region
• A short 5-minute walk from the River Trail TRAX light rail station
• At the center of the office-warehouse district of Salt Lake City
Property Facts
| Price | $2,522,000 | Rentable Building Area | 23,017 SF |
| Price Per SF | $110 | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1984/1998 |
| Cap Rate | 8.21% | Parking Ratio | 3.08/1,000 SF |
| Property Type | Flex | Clear Ceiling Height | 12 FT |
| Property Subtype | Light Manufacturing | No. Drive In / Grade-Level Doors | 3 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.59 AC |
| Price | $2,522,000 |
| Price Per SF | $110 |
| Sale Type | Investment |
| Cap Rate | 8.21% |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 1.59 AC |
| Rentable Building Area | 23,017 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1984/1998 |
| Parking Ratio | 3.08/1,000 SF |
| Clear Ceiling Height | 12 FT |
| No. Drive In / Grade-Level Doors | 3 |
| Opportunity Zone |
Yes |
Amenities
- Signage
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PROPERTY TAXES
| Parcel Number | 15-23-151-004-0000 | Improvements Assessment | $2,468,000 |
| Land Assessment | $514,300 | Total Assessment | $2,982,300 |
PROPERTY TAXES
Parcel Number
15-23-151-004-0000
Land Assessment
$514,300
Improvements Assessment
$2,468,000
Total Assessment
$2,982,300
zoning
| Zoning Code | B/RP (Business/Residential Park) |
| B/RP (Business/Residential Park) |
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Building K | 1290 W 2320 S
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