Principal Life Acquires Industrial Property In Salt Lake City For $42.55M
SOLD
$42,550,000
Industrial404,000 SF
Sold 05/01/2023
SOLD
Principal Life Acquires Industrial Property In Salt Lake City For $42.55M
6941 West 2100 South
See Similar DealsIndustrial404,000 SF
Sold 05/01/2023
Summary
UTAH
Asset Type:Industrial
Price Per Square Foot:$105
Total Square Footage:404,000 SF
Transaction Type:Sale
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
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,269,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$151,171.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$201,708.71
Annual Debt Service$2,420,504.50
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