1595 Pioneer RdSalt Lake City, UT 84104

  • Industrial properties
  • 40,950 SF
For Sale

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
1595 Pioneer Rd, Salt Lake City, Utah

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$68,923
$2,215,100
$5,017,900
$7,233,000
-
$2,215,100
$5,017,900
$7,233,000

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