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4910 Amelia Earhart Dr
Salt Lake City, UT 84116
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- The Property spans 89,140 square feet on 6.79 acres of land and will be sold subject to a new ten-year sale leaseback
- Absolute Net Lease: 10-year absolute net lease with 3.0% annual rent escalations
- Upon closing, the Property will be 100% leased to Huge Brand (the “Tenant”) under an absolute net lease structure
- Very Attractive Price/SF - The property is priced well below replacement cost and below the average price/SF for the airport submarket
EXECUTIVE SUMMARY
Newmark Mountain West is pleased to offer 4910 W. Amelia Earhart Dr., Salt Lake City, UT 84116 (the “Property”) for sale. The Property spans 89,140 square feet on 6.79 acres of land and will be sold subject to a new ten-year sale leaseback. Upon closing, the Property will be 100% leased to Huge Brand (“Huge Brands” or the “Tenant”) under an absolute net lease structure.
INVESTMENT HIGHLIGHTS (See Attached OM For More Details)
• Absolute Net Lease: 10-year absolute net lease with 3.0% annual rent escalations
• Prime Salt Lake City Industrial Pocket: There is a robust pipeline of industrial development in this submarket. Surrounding users include Amazon, Teva Pharmaceuticals, General Electric, Wells Fargo and General Distributing
• International Airport Adjacent (SLC): The property sits less than a quarter mile from the border of Salt Lake City International Airport
• Low Coverage: The 89,140 SF building sits on 6.79 acres of land (30% Coverage). The new owner will have the ability to develop on the property, creating additional rent or owner/user space.
• Very Attractive Price/SF: The property is priced well below replacement cost and below the average price/SF for the airport submarket ($155 per square foot per Costar)
• Corner Lot with Easy Access: The property can be accessed from both Amelia Earhart Drive and Neil Armstrong Road
• Job Growth and Rent Growth: Salt Lake City is one of the fastest growing markets in the United States, with consistent job and rent growth
• Loading:
» Three (3) dock high loading doors
» Five (5) ground level doors
• 3,000 amps / 480/270 V / 3-phase power
• Wet Sprinklers
• Zoning: M-1 (Light Manufacturing)
INVESTMENT HIGHLIGHTS (See Attached OM For More Details)
• Absolute Net Lease: 10-year absolute net lease with 3.0% annual rent escalations
• Prime Salt Lake City Industrial Pocket: There is a robust pipeline of industrial development in this submarket. Surrounding users include Amazon, Teva Pharmaceuticals, General Electric, Wells Fargo and General Distributing
• International Airport Adjacent (SLC): The property sits less than a quarter mile from the border of Salt Lake City International Airport
• Low Coverage: The 89,140 SF building sits on 6.79 acres of land (30% Coverage). The new owner will have the ability to develop on the property, creating additional rent or owner/user space.
• Very Attractive Price/SF: The property is priced well below replacement cost and below the average price/SF for the airport submarket ($155 per square foot per Costar)
• Corner Lot with Easy Access: The property can be accessed from both Amelia Earhart Drive and Neil Armstrong Road
• Job Growth and Rent Growth: Salt Lake City is one of the fastest growing markets in the United States, with consistent job and rent growth
• Loading:
» Three (3) dock high loading doors
» Five (5) ground level doors
• 3,000 amps / 480/270 V / 3-phase power
• Wet Sprinklers
• Zoning: M-1 (Light Manufacturing)
PROPERTY FACTS
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.35% | Year Built | 1976 |
| Sale Condition | Sale Leaseback | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.13/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 16’ |
| Building Class | B | No. Dock-High Doors/Loading | 3 |
| Lot Size | 6.79 AC | No. Drive In / Grade-Level Doors | 5 |
| Rentable Building Area | 89,140 SF | ||
| Zoning | M-1, Salt Lake City - Manufacturing | ||
| Sale Type | Investment |
| Cap Rate | 7.35% |
| Sale Condition | Sale Leaseback |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 6.79 AC |
| Rentable Building Area | 89,140 SF |
| No. Stories | 1 |
| Year Built | 1976 |
| Tenancy | Single |
| Parking Ratio | 2.13/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | M-1, Salt Lake City - Manufacturing |
PROPERTY TAXES
| Parcel Number | 07-36-276-015-0000 | Improvements Assessment | $6,059,840 CAD |
| Land Assessment | $6,366,538 CAD | Total Assessment | $12,426,378 CAD |
PROPERTY TAXES
Parcel Number
07-36-276-015-0000
Land Assessment
$6,366,538 CAD
Improvements Assessment
$6,059,840 CAD
Total Assessment
$12,426,378 CAD
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