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31822079
31822108

140 W 2100 S Expy, Salt Lake City, UT 84115

JR
UT 8095639-PB00, CA 01921475
J. Austin Russell
JH
UT 6409658SA00
Align Real Estate
Listed by J. Austin Russell, Align Real Estate
$6,500,000
53 days on market
Updated 33 days ago

2100 South Plaza (Multi Tenant Office / Future Development)

Details
Property Type Land, Office
Sub Type Commercial, Residential (+1)
Square Footage 31,331
Net Rentable (SqFt) 31,331
Cap Rate 3.62%
NOI $235,000
Occupancy 80%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 5.82%
Pro-Forma NOI $377,996
Price per SqFt $207
Broker Co-Op Yes
Class B
Year Built 1975
Buildings 1
Stories 2
Acreage 1.260
Zoning MU5
Investment Type Value Add
Ownership Fee Simple

Land | 1.66 acres

Marketing description

2100 South Plaza is located in the heart of downtown Salt Lake City, along the 2100 South Commercial Corridor. The property lies on the border of South Salt Lake, between both the Liberty Wells and Ballpark Neighborhoods. The area is one of the fastest growing in the city, with nearly 2,000 new residential units constructed since 2020.

Central Pointe Trax Station sits directly across from the property, and is the only station in the city served by all three rail lines, as well as the S-Line streetcar, thereby providing complete connectivity to the rest of the city.

Investment highlights

The area sees some of the highest levels of both pedestrian and automotive traffic in the city, with between 28,000 - 30,000 vehicles, and over 2,000 pedestrians passing by the property each day.

The property was recently rezoned to MU5, allowing for future construction of up to five stories of mixed use retail and residential development.

Listing Contacts

JR
UT 8095639-PB00, CA 01921475
J. Austin Russell
JH
UT 6409658SA00
Align Real Estate
Listed by J. Austin Russell, Align Real Estate

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$235,000.00
$19,583.33/mo

Valuation Metrics

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DSCR
3.62%
Cap Rate
3.62%
ROI

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Additional Information

Name
J. Austin Russell
License
8095639-PB00
Brokerage
J. Austin Russell, Esq.
Title
Broker, Attorney
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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