Dunleer Acquires 4.8 Acre Industrial Property In Salt Lake City For $9.85M
2950 W 500 S Salt Lake City, UT 84104, USA
$9,850,000
$117/SF
Building Size
83,893 SF
Asset Type
Industrial
Closing
Jun 21, 2022
AI
The industrial property at 2950 W 500 S in Salt Lake City, UT has been sold. The property spans over 4.8 acres and features a total square footage of 83,893.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,850,000
- Address: 2950 W 500 S, Salt Lake City, UT
- Market: Salt Lake City, UT
- Buyer: Dunleer - BJ Turner
- Broker: Eli Priest - Newmark
The buyer, Dunleer, represented by BJ Turner, acquired the industrial property at a price of $9,850,000. The sale price per square foot was $117. Eli Priest from Newmark acted as the broker for this transaction.
Salt Lake City Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.61%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93