For Sale
$1,460,000

13865 2700 Bluffdale, UT 84065

High-growth area, 5-year lease, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Class A industrial flex space, totaling 5,000 square feet, presents a compelling investment opportunity in Bluffdale, Utah. Located at 13865 S 2700 W, units #222 and #223 are currently 100% occupied under a triple-net (NNN) lease with a single tenant, Modo Studios, a video production and creative design company. The lease commenced October 1, 2023, and has a remaining term of approximately 3.9 years, expiring September 30, 2028, with four additional five-year renewal options. The asking price is $1,460,000, representing a price per square foot of $292 and a compelling 5.75% cap rate based on a net operating income (NOI) of $84,000. Built in 2020, the property boasts a versatile layout suitable for a variety of businesses and offers ample parking. Its prime location in Bluffdale provides easy access to major highways and amenities, benefiting from the area's robust population growth, strategic real estate development, and thriving technology sector. This investment offers a blend of immediate income and long-term growth potential in a dynamic and desirable location within the Salt Lake Valley. The property's strong tenant and favorable lease terms make this a truly attractive opportunity.

Highlights

  • Five-year lease with renewal options commencing at closing.
  • Located minutes from Bangerter Highway in a high-growth area of Salt Lake Valley.
  • Strong tenant, Modo Studios, specializing in video production and related creative services.
  • High-growth area experiencing population influx driving economic expansion.
  • Strategic location attracting significant real estate development.
  • Technology hub fostering job creation and business activity.

Property Details for 13865 2700

Property type
Industrial properties, Flex space
Square Feet
5,000 SF
Class
A
Year Built
2020

Location Insight

City
Bluffdale
County
Salt Lake
State
Utah
Latitude
40.4993852
Longitude
-111.9546013

FAQs

What type of property is this?
Industrial property - High-growth area, 5-year lease, strong NOI.
Where is the industrial property located?
The property is located at 13865 2700 Bluffdale, UT.
What is the asking price?
The asking price for this property is $1,460,000.
What are key features of this property?
This property features: Five-year lease with renewal options commencing at closing.; Located minutes from Bangerter Highway in a high-growth area of Salt Lake Valley.; Strong tenant, Modo Studios, specializing in video production and related creative services.
How can I contact the broker?
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13865 2700
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