1595 Pioneer RdSalt Lake City, UT 84104
- Industrial properties
- 40,950 SF
Property Details for 1595 Pioneer Rd
- Year built
- 1998
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.91 AC
- Property size (Sq ft)
- 40,950 SF
- Zone code
- M-1
- Property type
- Industrial properties
- Property subtype
- Other warehouses
- APN
- 15-16-200-031
- APU
- 1516200031
Description
This exceptional investment opportunity presents a 39,981-square-foot industrial manufacturing facility situated on a 4.91-acre lot in Salt Lake City, Utah. The property, located at 1595 S. Pioneer Road, boasts a single, 1-story building constructed in 1998 and extensively renovated in 2023. Currently 100% occupied under a triple-net (NNN) lease with a single tenant, the lease commenced October 31, 2023, and extends for a substantial 10-year term, expiring October 30, 2033. The property features six loading docks and ceiling heights ranging from 24 to 28 feet, catering to efficient operations. Zoned M-1, this facility is ideally suited for manufacturing and benefits from its strategic location, providing immediate access to major freeways including I-215, I-15, and I-80, and proximity to Salt Lake City International Airport (less than 6 miles). The property's low-coverage site presents potential for future expansion. This stabilized, cash-flowing asset represents a compelling investment in a thriving manufacturing sector within a rapidly growing regional distribution hub. The property's mission-critical nature for the tenant ensures long-term stability and strong rental income. The APN is 15-16-200-031. This is a sale for leaseback opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $12,382,370
- Hospitality
- $11,342,185
- Educational
- $9,436,565
- Medical
- $9,761,102
- Retail
- $14,679,100
Location Insight
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Latitude
- 40.7357
- Longitude
- -111.956
- CBSA code
- 41620
- CBSA name
- SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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