Rockwell Ridge Business Park
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Rockwell Ridge Business Park
2 Properties Offered at $22,060,362 in Bluffdale, UT
Investment Highlights
- Investment Sale: 78,291 Sq Ft Flex Property (2 bldgs) on 11.53 acres.
- Up to 11 potential suites (7 currently)
- Located off I-15 at gateway to The Point (600-acre planned development)
- 100% Occupied. Sale-leaseback 53%. Four other tenants occupy 47%.
- Built in 2018. Zoned Heavy Commercial.
Executive Summary
NEXUS Commercial Real Estate is proud to present a once-in-a-lifetime investment opportunity! The ROCKWELL RIDGE BUSINESS PARK is a two-building, 78,291 sq. ft., 100% leased, multi-tenant, Flex trophy asset with outsized growth potential driven by strong economic and demographic trends. It is located at what many consider to be the most desired Flex location in all of Salt Lake County (and Utah); right off I-15 exit at the gateway to The Point development, a 600-acre planned community in Draper. The park is supported by six adjacent retail buildings. Seller will lease back 53% of the space for 3-5 years. The remaining 47% is comprised of six units occupied by 4 tenants. All leases are NNN and WALT is 3.5 years. Year 1 NOI is $1,158,169 with potential to increase NOI by 41% in 5 years, and increase NOI by 123% in 10 years! Contact exclusive listing agent for CA and OM. Jason Hagblom, NEXUS Commercial Real Estate, jason@nexuscres.com, 801-860-5030 direct.
Taxes & Operating Expenses (Actual - 2022) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
-
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| Other Income |
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| Vacancy Loss |
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| Effective Gross Income |
-
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| Net Operating Income |
$99,999
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Taxes & Operating Expenses (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $22,060,362 | Number of Properties | 2 |
| Price / SF | $281.77 / SF | Individually For Sale | 0 |
| Cap Rate | 5.25% | Total Building Size | 78,291 SF |
| Sale Type | Investment | Total Land Area | 21.72 AC |
| Status | Active |
| Price | $22,060,362 |
| Price / SF | $281.77 / SF |
| Cap Rate | 5.25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 78,291 SF |
| Total Land Area | 21.72 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Rockwell Ridge Business Park Building 1
14725 S Porter Rockwell Blvd, Bluffdale, UT 84065 |
Industrial | 44,854 SF | 2019 | - |
|
Rockwell Ridge Business Park Building 2
14629 S Porter Rockwell Blvd, Bluffdale, UT 84065 |
Flex | 33,437 SF | 2019 | - |
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Rockwell Ridge Business Park
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