1595 Pioneer RdSalt Lake City, UT 84104

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

Warehouses

Property subtype

Self storage facilities

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.

• 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

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