10
See all 10 photos
$8,286,944
Est. payment /mo
0.28 Acres Lot
New
2953 S 3600 W West Valley City, UT 84119
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UPDATED:
03/06/2025 06:48 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2068497
Construction Status Blt./Standing
HOA Y/N No
Year Built 1978
Annual Tax Amount $6,247
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Industrial
Property Description
This extraordinary 3-property industrial portfolio offers an unparalleled investment opportunity, encompassing a total of 36,551 SF. It's a perfect acquisition for local investors, family offices, and out-ofstate investors seeking a substantial market presence in a single transaction. The chance to buy nearly 40,000 SF in one deal is exceptionally rare in the competitive Salt Lake market, where such scale is highly sought after and often difficult to achieve. Airport Road Flex Investment Size: 23,465 SF Annual Rent: $271,408 IRR: 15.52% on a 10-year hold Purchase Price: $4,523,462 Highlights: This prime multi-tenant asset includes a mix of storage units, hobby caves, and standard warehouse space. The multiple tenants offer diversified risk, making it an exceptionally cost-effective investment compared to replacement costs. There is significant upside in the current rents, and this is a product you don't often see rebuilt. It's an asset with good long-term value. West Valley Auto Shops Size: 8,286 SF (across two buildings) Annual Rent: $133,361 IRR: 19.63% on a 3-year hold Purchase Price: $2,222,682 Highlights: Auto shops are extremely hard to come by and generally achieve higher lease rates due to the scarcity of suitable properties. The low 14% coverage ratio opens up potential yard income opportunities, ensuring income stability and diversification. The value comes from signing new leases at market rents, with additional potential from an owner-user sale at the time of vacancy, providing significant upside. Fantasy Factory Size: 4,800 SF Annual Rent: $92,448 IRR: 19.72% on a 2-year hold Purchase Price: $1,540,800 Highlights: Built in 2016, this single-tenant asset provides great future flexibility with its low coverage and fenced storage yard. While it has 2 years remaining on the master lease, this building would eventually be a highly desired owner-user asset, typically commanding a higher purchase price. This is a low coverage play that provides significant upside in exit to an owner-user. This combination of properties guarantees a stable and lucrative income stream, making this portfolio an investment opportunity not to be missed. Act now to secure this high-value, diversified asset and establish a long-term presence in one of the most competitive markets.
Location
State UT
County Salt Lake
Area Magna; Taylrsvl; Wvc; Slc
Zoning Commercial, Industrial
Interior
Fireplace No
Exterior
View Y/N No
Present Use Industrial
Private Pool No
Building
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 15-29-202-013
Listed by LEGEND PARTNERS ll, LLC