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Retail / Warehouse Building 150 E 3300 S 6,500 SF Flex Building Salt Lake City, UT 84115 $1,592,175 CAD ($244.95 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Seize this fully occupied multi-tenant NNN investment delivering stable cash flow and strong returns for motivated investors.
  • Both in-place tenants have long historic occupancy on-site with current ownership, Palace Development, signing a five-year lease at closing.
  • Home to a growing population, the area also benefits from strong demographics, with average household incomes surpassing $91,000 within 5 miles.
  • Positioned to attract strong tenant demand, this property is located just off Interstate 15 with speedy access to Downtown Salt Lake City.
  • Ideally located near the intersection with State Street surrounded by major national retailers including Taco Bell, Subway, and McDonald's.

EXECUTIVE SUMMARY

Positioned in the heart of Salt Lake City, this fully occupied NNN retail asset presents a rare opportunity for investors seeking dependable, long-term cash flow.

This asset is a 6,500 square foot property divided into two spaces dedicated to retail and industrial. Anchored by two stable and long-term tenants, Palace Development and Salt City Sanctuary, both secured by strong NNN leases that offer reliable income and minimal landlord responsibilities. Palace Development, a seasoned operator with over 30 years of experience, plans to execute a five-year sale leaseback, ensuring continued occupancy and guaranteed rental income. The facility is purpose built for high volume e commerce logistics and serves as a key hub for 3PLs, DTC brands, and fulfillment operations, strategically positioned near major transit corridors. Salt City Sanctuary provides wellness and religious services under Section 508(c)(1)(A), supporting consistent use and community engagement. This is a turnkey cash flowing asset with a dependable tenant, ideal for investors seeking passive income and long-term value o owner/user.

Located just five miles from Salt Lake City's thriving downtown, South Salt Lake is a high traffic and rapidly growing area with strong commuter activity and rising demand for retail services. Positioned near Interstate 15 and surrounded by a wide range of dining, shopping, and entertainment options, including the region’s own Chinatown, this location benefits from excellent visibility and accessibility. With convenient public transportation and lower residential costs than downtown, the area continues to attract new residents and businesses, making it an ideal setting for investors.

PROPERTY FACTS

Price $1,592,175 CAD
Price Per SF $244.95 CAD
Sale Type Investment NNN
Property Type Flex
Property Subtype
Showroom
  • General Retail Storefront Retail/Office
  • Industrial Warehouse
Building Class C
Lot Size 0.25 AC
Rentable Building Area 6,500 SF
No. Stories 1
Year Built 1995
Parking Ratio 2/1,000 SF
Zoning CC

AMENITIES

  • Signage
Walk Score®
Very Walkable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

DEMOGRAPHICS

REGIONAL ACCESSIBILITY

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Las Vegas
644,644
418
7 h 6 m
Denver
716,492
522
9 h 4 m
Aurora
374,114
529
9 h 3 m
Colorado Springs
472,688
583
10 h 12 m
Albuquerque
560,218
596
12 h 5 m
Phoenix
1,660,272
647
12 h 6 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
893,510
Total Labor Force
508,217
Unemployment Rate
2.67%
Median Household Income
$75,565
Warehouse Employees
78,945
High School Education Or Higher
91.30%
$ values in USD

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 16-30-376-001-0000
  • 16-30-376-005-0000
Land Assessment
$715,002 CAD
Improvements Assessment
$92,688 CAD
Total Assessment
$807,690 CAD
  • Listing ID: 32111963

  • Date on Market: 2024-06-12

  • Last Updated:

  • Address: 150 E 3300 S, Salt Lake City, UT 84115

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