Former Skaggs | 3685 S 500 W
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Former Skaggs 3685 S 500 W
31,716 SF Industrial Building Salt Lake City, UT 84115 $6,075,000 ($192/SF) 6.28% Cap Rate
Executive Summary
Single tenant net leased warehouse for sale. Mastec, the tenant, has a BBB credit rating and just signed a 5 year lease for the property. The building has a new roof, new HVAC units, new furnaces, and new pavement. The building is 31,716 SF and sits on a 1.97 acre site. The property also comes with a 2,436 SF storage building, which can be used by the landlord.
Property Facts
| Price | $6,075,000 | No. Stories | 2 |
| Price Per SF | $192 | Year Built/Renovated | 1958/2014 |
| Sale Type | Investment | Tenancy | Single |
| Cap Rate | 6.28% | Parking Ratio | 0.79/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 12 FT |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | B | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 1.97 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 31,716 SF |
| Price | $6,075,000 |
| Price Per SF | $192 |
| Sale Type | Investment |
| Cap Rate | 6.28% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.97 AC |
| Rentable Building Area | 31,716 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2014 |
| Tenancy | Single |
| Parking Ratio | 0.79/1,000 SF |
| Clear Ceiling Height | 12 FT |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 3 |
| Opportunity Zone |
Yes |
Amenities
- Fenced Lot
- Yard
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 15-36-176-007-0000 | Improvements Assessment | $2,545,400 |
| Land Assessment | $803,000 | Total Assessment | $3,348,400 |
PROPERTY TAXES
Parcel Number
15-36-176-007-0000
Land Assessment
$803,000
Improvements Assessment
$2,545,400
Total Assessment
$3,348,400
zoning
| Zoning Code | 3000 (Flex Industrial: Flex industrial zoning is a type of zoning designation that allows for a combination of light industrial and commercial uses.) |
| 3000 (Flex Industrial: Flex industrial zoning is a type of zoning designation that allows for a combination of light industrial and commercial uses.) |
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Former Skaggs | 3685 S 500 W
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