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6941 West 2100 South

Principal Life Acquires Industrial Property In Salt Lake City For $42.55M
SOLDIndustrial

Principal Life Acquires Industrial Property In Salt Lake City For $42.55M

6941 West 2100 South

$42,550,000

$105/SF

Building Size

404,000 SF

Asset Type

Industrial

Closing

May 1, 2023

AI

The industrial property located at 6941 West 2100 South in Salt Lake City, UT has been sold in a transaction. The property spans 404,000 square feet and was sold for a total price of $42,550,000. The sale price per square foot is $105.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $42,550,000
  • Square Footage: 404,000
  • Address: 6941 West 2100 South, Salt Lake City, UT
  • Market: Salt Lake City, UT

The buyer in this transaction is Principal Life, while the seller is Sansone Group. The brokers involved in the deal are Joshua Peck and Susan Annis from GFI Realty Services.

Players

Joshua Peck

GFI Realty Services

Broker

$232M

vol

13 deals

Broker
PL
Principal LifeBuyer
SG
Sansone GroupSeller

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.37%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93