For Sale
$2,150,000

245 Jimmy Doolittle Rd Salt Lake City, UT 84116

Fully-leased industrial investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a fully-leased, 11,107-square-foot Class C industrial flex space located at 245 Jimmy Doolittle Road in Salt Lake City, Utah. The property, built in 1989, sits on a 0.8-acre lot and features a single, one-story building with 16 parking spaces, two loading docks, and an 18-foot ceiling height. The property is zoned M-1 and boasts a strong tenant profile: a credit-rated GSA tenant under a 15-year lease commencing October 1, 2020, with a remaining term of 10.9 years expiring September 30, 2035. The asking price is $2,150,000, translating to a price per square foot of $193.57. The property's features include an automatic fire sprinkler system, 3-phase 120/208V power, fluorescent and spot lighting, and special reinforced concrete shear walls. Its convenient location offers quick and easy access to I-80 and is minutes from Salt Lake City International Airport. The 2024 estimated Net Operating Income (NOI) is $122,493. This property represents a compelling investment opportunity due to its long-term lease with a credit-worthy tenant, strong NOI, and desirable location. The APN is 07-36-328-002-0000.

Highlights

  • Strong NOI of $122,493 projected for 2024.
  • 11 years remaining on GSA lease.

Property Details for 245 Jimmy Doolittle Rd

Property type
Industrial properties, Flex space
Square Feet
11,107 SF
Class
C
Year Built
1989
Buildings
1
Stories
1
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Salt Lake City
County
Salt Lake
State
Utah
Latitude
40.773212204767
Longitude
-112.01971654958

FAQs

What type of property is this?
Industrial property - Fully-leased industrial investment opportunity.
Where is the industrial property located?
The property is located at 245 Jimmy Doolittle Rd Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Strong NOI of $122,493 projected for 2024.; 11 years remaining on GSA lease.;
How can I contact the broker?
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245 Jimmy Doolittle Rd
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