The Kiesel Building | 2411 Kiesel Ave
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The Kiesel Building 2411 Kiesel Ave
49,445 SF 100% Leased Office Building Ogden, UT 84401 $7,775,000 ($157/SF) 7.17% Cap Rate
Executive Summary
Please reach out for full offering memorandum.
The Kiesel Building is a historic office building located in the heart of Downtown Ogden.
The building was constructed in 1913 with full restoration and remodel in 2019. It has 5 levels
above ground that are absolutely stunning with fully exposed brick, concrete, modern
glass, and dramatic ceiling heights. All 5 floors are fully leased with a basement (which is not
included in the square footage) that is used for storage only. The Kiesel is located on 24th
Street next door to the Ogden Eccles Conference Center and adjacent the Junction featuring
food, hospitality, and entertainment.
The Kiesel Building is a historic office building located in the heart of Downtown Ogden.
The building was constructed in 1913 with full restoration and remodel in 2019. It has 5 levels
above ground that are absolutely stunning with fully exposed brick, concrete, modern
glass, and dramatic ceiling heights. All 5 floors are fully leased with a basement (which is not
included in the square footage) that is used for storage only. The Kiesel is located on 24th
Street next door to the Ogden Eccles Conference Center and adjacent the Junction featuring
food, hospitality, and entertainment.
Property Facts Under Contract
Sale Type
Investment
Property Type
Building Size
49,445 SF
Building Class
B
Year Built/Renovated
1913/2019
Price
$7,775,000
Price Per SF
$157
Cap Rate
7.17%
NOI
$557,468
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
9,889 SF
Slab To Slab
9’
Building FAR
4.54
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
Mixed Use - Central Business District
Amenities
- Property Manager on Site
- Signage
- Kitchen
- Central Heating
- Natural Light
- Open-Plan
- Air Conditioning
- Smoke Detector
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 01-021-0096 | Improvements Assessment | $6,404,264 |
| Land Assessment | $228,735 | Total Assessment | $6,632,999 |
PROPERTY TAXES
Parcel Number
01-021-0096
Land Assessment
$228,735
Improvements Assessment
$6,404,264
Total Assessment
$6,632,999
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The Kiesel Building | 2411 Kiesel Ave
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