For Sale
$4,200,000

2211 Printers RowWest Valley City, UT 84119

Single-tenant NNN office investment.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 21,000 square foot, single-tenant office building located at 2211 Printers Row, West Valley City, UT 84119. The property, built in 1974 and renovated in 2022, sits on a 1.63-acre lot and boasts a desirable M zoning designation. Currently leased to a credit-rated tenant, Convergint Technologies, LLC, under a NNN lease commencing July 1, 2022, and expiring June 30, 2029, this property offers a strong, stable income stream. The asking price is $4,200,000, representing a compelling $200 per square foot and a 6.36% cap rate with a Net Operating Income (NOI) of $267,132. The building features a thoughtful blend of office and warehouse space, ideal for the current tenant and offering flexibility for future uses. Its prime location in Salt Lake County provides excellent access to major freeways and highways, placing it within easy reach of the entire Wasatch Front and Salt Lake City International Airport. The property is well-maintained, with ample parking and convenient building circulation. This is a Core+ investment situated within a Qualified Opportunity Zone, presenting a rare opportunity for significant returns. The building is a single-story structure. The APN is 15221510130000.

Highlights

  • $4,200,000 asking price for a 21,000 square foot office building.
  • Located at 2211 Printers Row, West Valley City, UT 84119, on a 1.63-acre lot (APN: 15221510130000).
  • Single-tenant, NNN lease with credit-rated tenant Convergint Technologies, LLC, commencing July 1, 2022, and expiring June 30, 2029.
  • 6.36% cap rate with a Net Operating Income (NOI) of $267,132; $200 per square foot price.
  • 1-story, 1974-built building, renovated in 2022, situated in a Qualified Opportunity Zone with excellent freeway access.

Property Details for 2211 Printers Row

Property type
Office properties
Square Feet
21,000 SF
Year Built/Renovated
1974/2022
Buildings
1
Stories
1
Lot Size (sq. ft)
71,003 SF

Location Insight

City
West Valley City
County
Salt Lake
State
Utah
Latitude
40.721385868103
Longitude
-111.94876490946
2211 Printers Row, West Valley City, Utah

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2211 Printers Row
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