Library Square Center 231 E 400 S
55,000 SF Office Building Salt Lake City, UT 84111 $11,500,000 ($209/SF)
INVESTMENT HIGHLIGHTS
- Rare value-add opportunity Downtown SLC
- Tons of upside
- Private 3 story parking garage
- Short term leases
- Located on 400 South across from a Trax Stop
EXECUTIVE SUMMARY
Prime value-add opportunity in Downtown SLC. Majority of leases are month-to-month and well below market. Located on 400 South across from a Trax stop. Square footages are approximates only, Seller doesn't know the square footage for the individual units or total building size. Total Building size is approximately 54,815 based on County record. Fire suppression is installed in the parking garage and in the building in the basement level and the first floor.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2021) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
55,000 SF
Building Class
C
Year Built/Renovated
1963/2005
Price
$11,500,000
Price Per SF
$209
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
11,000 SF
Slab To Slab
10’
Building FAR
1.43
Lot Size
0.88 AC
Zoning
TSA-UC-Core - An urban center station contains the highest relative intensity level and mix of uses. The type of station area is meant to support Downtown Salt Lake
Parking
132 Spaces (2.4 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Commuter Rail
- Signage
1 of 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 16-06-326-015-0000 | Total Assessment | $5,571,400 (2023) |
| Land Assessment | $1,329,600 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $4,241,800 (2023) | Tax Year | 2021 |
