5450 S Green St
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5450 S Green St
25,852 SF 58% Leased Office Building Salt Lake City, UT 84123 $7,450,000 ($288/SF) 8.43% Cap Rate
Investment Highlights
- True In-Place 6.1% CAP. Pro Forma Cap 8.43% CAP
- Credit Tenant Long Term Lease Absolute Net Outpatient Surgery Center Co-Tenancy, Prepaid Rent.
- Three-minute drive to the flagship hospital of Intermountain Medical Center, a 100 acre, 500+ bed, Level I trauma and a major adult referral center
- Effective $58/Sq Ft Shell Cost for Available Suite
- LED Freeway Visible Signage / Ample Parking
Executive Summary
—Back on the market: Sale fell through after due diligence was completed, with no objections, failed due to a strategic realignment decision by the corporate user. This is a strong, clean medical investment opportunity—
A uniquely beneficial owner-user/investment opportunity, featuring a 25,852-square-foot, single-story suburban medical office and ambulatory surgical center, with absolute net tenant leases, long-term credit lease, prepaid rents, plus an available suite at an incredibly low effective price per square foot for an owner-user, in the heart of the Salt Lake Valley.
Strategically located just off Interstate-15, the property benefits from high visibility due to the 220,000+ vehicles that pass daily, with LED signage visible from the Interstate. Additionally, the property is just minutes away from Intermountain Medical Center—a flagship 100-acre, 500+ bed, Level I trauma center that serves as a referral hub for six surrounding states and over 75 regional healthcare institutions.
Salt Lake is recognized as one of the nation’s leading metro areas, and Utah is ranked the overall #1 state in the country by US News & World Report Best States Methodology, with top rankings in in categories such as economy, employment, and fiscal stability.
Given the property’s medical tenants with high-value improvements, long term credit & absolute net leases, and central valley geographic location, this investment is well-positioned to produce consistent performance in the country’s top metropolitan area.
A uniquely beneficial owner-user/investment opportunity, featuring a 25,852-square-foot, single-story suburban medical office and ambulatory surgical center, with absolute net tenant leases, long-term credit lease, prepaid rents, plus an available suite at an incredibly low effective price per square foot for an owner-user, in the heart of the Salt Lake Valley.
Strategically located just off Interstate-15, the property benefits from high visibility due to the 220,000+ vehicles that pass daily, with LED signage visible from the Interstate. Additionally, the property is just minutes away from Intermountain Medical Center—a flagship 100-acre, 500+ bed, Level I trauma center that serves as a referral hub for six surrounding states and over 75 regional healthcare institutions.
Salt Lake is recognized as one of the nation’s leading metro areas, and Utah is ranked the overall #1 state in the country by US News & World Report Best States Methodology, with top rankings in in categories such as economy, employment, and fiscal stability.
Given the property’s medical tenants with high-value improvements, long term credit & absolute net leases, and central valley geographic location, this investment is well-positioned to produce consistent performance in the country’s top metropolitan area.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
25,852 SF
Building Class
B
Year Built
1975
Price
$7,450,000
Price Per SF
$288
Cap Rate
8.43%
NOI
$628,035
Percent Leased
58%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
25,852 SF
Building FAR
0.30
Lot Size
2.00 AC
Zoning
CD-Commercial Development
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 10,920 SF
- Office
- Full Build-Out
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 10,920 SF | Office | Full Build-Out | 30 Days |
1st Floor
| Size |
| 10,920 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
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PROPERTY TAXES
| Parcel Number | 21-13-127-016-0000 | Improvements Assessment | $3,551,100 (2023) |
| Land Assessment | $1,241,300 (2023) | Total Assessment | $4,792,400 (2023) |
PROPERTY TAXES
Parcel Number
21-13-127-016-0000
Land Assessment
$1,241,300 (2023)
Improvements Assessment
$3,551,100 (2023)
Total Assessment
$4,792,400 (2023)
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5450 S Green St
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