1386 S 1100 E
4,350 SF 100% Leased Retail Building Salt Lake City, UT 84105 $1,850,000 ($425/SF) 6.16% Cap Rate
INVESTMENT HIGHLIGHTS
- Proximity to University of Utah & Westminster College.
- Large patio/outdoor seating.
- Very walkable & bike friendly neighborhood in Sugar House (SLC).
EXECUTIVE SUMMARY
Newly remodeled mixed-use neighborhood retail coffee shop cafè on the main floor coffee with three (3) residential units, each with separate entrances:
Basement:
• Studio (unfinished)
• 2-bed 1-bath (furnished)
Upper-Level
• 2-bed 1-bath (furnished)
Basement:
• Studio (unfinished)
• 2-bed 1-bath (furnished)
Upper-Level
• 2-bed 1-bath (furnished)
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,350 SF
Building Class
C
Year Built
1910
Price
$1,850,000
Price Per SF
$425
Cap Rate
6.16%
NOI
$113,878
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.59
Lot Size
0.17 AC
Zoning
RB - Residential Business
Parking
6 Spaces (1.53 Spaces per 1,000 SF Leased)
Frontage
34’ on S 1100 E
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Roots Coffee
- Accommodation and Food Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Roots Coffee | Accommodation and Food Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16-17-204-021-0000 | Improvements Assessment | $230,590 |
| Land Assessment | $526,990 | Total Assessment | $757,580 |
