Updated Mar 5, 2025
Stos Partners Acquires 279233 Square Foot Industrial Complex In South Salt Lake For $35 Million
900 West 2900 South
$35,000,000
$125/SF
Building Size
279,233 SF
Asset Type
Industrial
Closing
Jul 31, 2024
About this deal
AI
An industrial asset located at 900 West 2900 South in South Salt Lake, UT, has been sold for $35,000,000. The property encompasses 14.53 acres and features a total area of 279,233 square feet, resulting in a price per square foot of $125.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $35,000,000
- Address: 900 West 2900 South
- Market: South Salt Lake, UT
- Acres: 14.53
- Square Footage: 279,233
- Price per Square Foot: $125
- Buyer: Morgan Hill
- Seller: Stos Partners
Stos Partners acquired the industrial complex and has plans for immediate re-tenanting and capital improvements. Eli Priest from Newmark will oversee the leasing activities associated with this transaction, focusing on logistics and distribution within the local industrial market.
On the Map
$35,000,000
$125/SF
Industrial
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Players
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93