Listed by Cushman & Wakefield - Salt Lake City, Utah
$2,562,000
Bank Branch Building
Details
APN 16-06-206-021, 16-06-206-029
Property Type Office, Retail
Sub Type Bank, Traditional Office
Square Footage 22,304
Year Built 1965
Acreage 0.710
Zoning R-MU
Multi-Tenant Office Investment Opportunity
Marketing description
Sale & Partial Leaseback: Bank to leaseback 4,414 sf (19.8%) for 7 years
Credit Tenant: Bank tenant is rated A+
Location: Prime visibility and strategically located on the hard corner of 500 East and 400 South
Strong Area Demographics: Within a 3-mile radius, there are 64,185 households featuring average annual income of $114,455 with daytime population of 138,112
Covered-Land Play: Asking price of $2,562,000 provides a strong land-basis of $83 PSF should bank tenant vacate from the premises
Investment highlights
Shown by appointment only
Please do not disturb tenants
Listing Contacts
Listed by Cushman & Wakefield - Salt Lake City, Utah
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Zoning
MU-8 MixedMixed UseMixed Use 8 District
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