SALT LAKE County, UT Office For Sale

Located just north of Downtown Salt Lake City is “The Ashwell”, a 27-unit multifamily property situated in the charming and historical Marmalade District, which is well-known for its array of vintage residential buildings mixed with many upcoming developments. This places The Ashwell not only close to the many dining, shopping, and cultural amenities available downtown, but it is also just minutes away from Highway 89 and Interstate 15, providing easy access to all the Salt Lake Valley has to offer. In the few years leading up to 2018, the previous owner of the rebranded “The Ashwell” (previously known as “Cliffside Apartments”) renovated the property to include a substantial improvement of structural supports, interior finishes, new appliances, utilities upgrades, and more. Since 2018, the current owner has continued adding significant value to the property by upgrading every unit to include in-unit washer/dryer hook-ups and brand-new full-sized stackable washers & dryers. Additional recent upgrades at The Ashwell include enclosed covered parking, a completely renovated exterior with a new, modern aesthetic, and an improved facade with a prominent modern wood design, giving The Ashwell a cool, contemporary look and a strong sense of place. Two upper floor units have been completely remodeled, including the kitchen front, painted cabinetry, new countertops, new flooring, and refreshed color palette. Additionally, some renovation work has been done on the lower seven units, such as new doors with metal lanterns on top and covered parking with direct access to those seven units, which have been very popular and yielded higher rents. For more details on additional new upgrades of some of the units and the substantial rent increases in those units, please see page 9 of the offering memorandum.

AMPLE PARKING: 3.5/1,000 SF

The Windsor represents a value-add opportunity to invest in the Salt Lake City market and take advantage of the distinctive living environment this downtown neighborhood has to offer. This complex contains 12 1-bedroom units that are fully occupied, and newer property features include the roof, east stairs, refrigerators, ranges, dishwashers, countertops, and selected furnaces and water heaters. Salt Lake City continues to be a top performing market for multi-family, and post-COVID investing is favoring quality, well-priced, low-density product.

Admiral Byrd Plaza is a 3-building owner/user investment opportunity featuring 46,110 square feet of interior space across 5.88 acres in the heart of the Northwest Quadrant of Salt Lake City, Utah. The property is primarily an office investment with stable income from the food court retail configuration on-site in Building 3 (income of $129,276) and 2 cell phone towers (income of $33,768). There are currently 5 occupants that provide the center with diversification, or it can be purchased as a standalone investment as separated parcels. A retail pad opportunity is available in Building 1 (currently vacant), though each building presents its own possibilities – it is possible to convert to industrial distribution space alongside existing offices in Building 1 (23,070 SF on 2.12 acres) and Building 2 (17,740 SF on 1.65 acres), for an available total of 40,810 SF on 3.77 acres. The entire property is for lease and/or for sale at $13.27/SF on the land with existing office, offering a variety of options to the market, and can also accommodate smaller owner/user investment opportunities. Admiral Byrd represents a unique opportunity in an incredible pinch point location in a booming submarket. The general trade area is sought after by large scale distribution companies like Amazon and UPS, and includes the recently completed multi-billion dollar redevelopment of Salt Lake International Airport, the county prison relocation currently in motion, and a multi-million dollar infrastructure venture underway to immediately develop the 1,500 acres surrounding Admiral Byrd.

Functional layout with 3 private offices, conference room, reception area & storage/copy area. High quality finishes throughout the space. Unique owner user opportunity. Monument signage available

Located off of 700 E in Sandy. (4) Four Office Condos portfolio for sale. Two suites are located in Building 9672 (200 & 201) , and the other two suites are located in Building 9768 (102 & 202). Each suite is 1,024 SF. Total space for sale is 4,096 SF. SVN Alta Commercial is proud to present this four-unit office condominium investment in Sandy. With three of the four condos leased, and one currently vacant, this product is ideal for an investor looking for a stable asset, or a small owner user looking to occupy just over 1,000 square feet and collect passive income on the other 3 leased suites. The market for professional office space in Sandy is healthy. Stable rents (market $18.95 PSF) and vacancy rates (12.9%) indicate that office suites in Sandy will remain a stable investment for the foreseeable future. The office suites in this property are in excellent condition with standard tenant improvements. Sandy is located in the heart of Salt Lake County and is a highly populated suburb of Salt Lake City, where demographics favor business ownership and local patronage. And, due to its proximity to Lehi (also known as the Silicon Slopes), Sandy is one of the fastest growing cities in UT. This property will remain an excellent place for professional tenants to locate and will be a sound investment.

Cap Rate: 4.60% NOI: $207,641 Situated in the hub of rapid redevelopments along the 900 South/Liberty Park Corridor now known as the “9 Line Redevelopment Corridor” in Salt Lake City, Park Manor is a historic gem in this hip, desirable destination neighborhood.​ Constructed in 1931 by developer A.​E.​ Jorgensen, the newly renovated Park Manor offers exemplary English Tudor architectural features and new mid-century modern upgraded finishes.​ These factors make it stand out to renters in a desirable submarket mostly dominated by 1960s- and 1970s-style architecture.​ Fully renovated in 2019, Park Manor is like a new building in a historic shell and offers spacious Studio, 1-Bedroom, and 2-Bedroom floor plans averaging 631 square feet.​ All floor plans at Park Manor are accessed through interior stairwells which are very large, bright, and convenient.​ Most floor plans at Park Manor have two entrances which access the living area as well as the kitchen.​ Each floor plan includes original features such as the original wood, divided-light windows and doors, internal floor plans, large kitchen, arched openings, and many original built-in phone nooks and cabinets.​ The interior design of each dwelling unit takes advantage of large windows, private balconies, and abundant natural light.​ The location of Park Manor is outstanding.​ The community is situated one-half block from historic Liberty Park and the transformed 900 South retail corridor which includes some of Utah’s best restaurants, shopping, and personal care services.​ This hip neighborhood has been named the #1 Best Neighborhood in Salt Lake City for Young Professionals by Niche.​com and a walk/ bike scores of 82/98, respectively, make Park Manor the place to be.​

Cap Rate: 4.40% NOI: $354,225

Alta Granite was completely renovated in 2020, with no detail left untouched in both the interiors and exteriors of the property.​ Modern colors and design that tenants want with the charm, pricing, and location that will provide pride of ownership! With quick access to 700 East, you can be anywhere in the valley (or the mountains!) from Alta Granite in minutes.​  Alta Granite represents an incredible opportunity to invest in a fast-growing, desirable market in Salt Lake City and take advantage of the highest quality of updated units with an exterior built to be both low-maintenance and enduring.​ Salt Lake City continues to be a top performing market for multi-family, and post-COVID investing is favoring quality, well-priced, low-density suburban product.​ These are eight brand new units built inside a classic brick building originally constructed in 1962.​ The property is located directly across the street from the former Granite High School site.​ City plans have been released outlining a new library, amphitheater, public art areas, plaza space, and open lawns with a playground and fitness trail, to be surrounded by a mix of housing, with some phases of the project already completed.​ The overall site design pays tribute to the former school and its legacy, and welcomes the neighborhood to gather, engage, and be enriched together.​ Tenants at Alta Granite can truly build an enjoyable, satisfying lifestyle in this community.​ In addition, Alta Granite includes 13 private parking stalls, as well as abundant street parking.​ It is centrally located to public transit and has a bus stop directly in front of the property.​

Use of common area gym, sauna, showers and locker room included. High quality interior finishes. Walking distance to myriad 9000 South retail amenities .

14,023 SF Industrial Flex Building For Sale  - Warehouse: 10,023 SF  - Office: 4,000 SF  

Located Within Minutes of Downtown SLC and the University of Utah. Walking Distance to and from the TRAX Station on 400 South. Near Multiple Restaurants and Amenities. Owner will Sell Property and Lease Back Various Purchase Structures are Available Call for More Information, Including Rent-Roll and Pro-Forma Call For Pricing

2505 Sq ft of Office Suite available (3100 total square feet including lobby, elevator and restrooms)! Updated Owner / User Suite with convenient and easy access to anywhere from Union Park (44,000 ADT) and I-215. Location is surrounded by amenities. 2nd floor suite with elevator lobby exposure, 6 private offices, with conference room, updated kitchen break area, and open cube space. Amazing Mountain views. Ready for occupancy. Paved parking. Property has rear walkout door access. Schedule showing with agent.

Monarch Homes, developed by the acclaimed Lotus Company, has quickly established itself as one of Utah’s best possible townhome investments. These factors and more make Monarch Homes a “can’t miss” opportunity: Located in desirable Millcreek, UT, just minutes from Downtown Salt Lake City New 2020 Class-A Construction 100% Occupancy Full lease-up in just 2 months during the most uncertain period of the pandemic Salt Lake City is #2 best city to buy multifamily in 2021 (PwC/ULI Emerging Trends in Real Estate 2021) Monarch is comprised of 18 large and luxurious townhomes and 1 purpose-built leasable Office/Retail space (1,046 SF). This centrally located project was completed in 2020 and consists of 3-story townhomes boasting modern open living areas, two-car garages, large driveways, private backyard space, and ample storage. With an average square footage of 1,460 SF, the 2-bedroom 2-bath unit layouts and size are made to accommodate a wide range of quality tenants in the booming core of one of the most prominent in-migration destinations in the nation.

For sale or lease entire building only. Building is built out and licensed to be a treatment facility. currently used for Youth - meets State and Local requirements for treatment.

Parking: 5.0/1,000 SF. Beautiful Campus Environment. Great Access to 8400 West and Highway 201. Near Many Amenities. Company Branding Opportunities

Recently upgraded with new paint and parking lot. Great single tenant opportunity or owner/user building. More information here: https://www.cbre.us/properties/properties-for-lease/office/details/US-SMPL-6855/295-jimmy-doolittle-drive-84116?view=isLetting

Three total suites can be sold/leased as one unit or separately.

The property has significant visibility from the I-15 Freeway and is located directly off the Bangerter Parkway exit into Wadsworth Business Park

Price reduced by $1,325,000  

Sale Price: $2,850,000   Fully renovated in 2020

Suite 206: 1,713 RSF For Sale: $389,000 For Lease: $20.00/SF, Full Service Ready to occupy! 3 large exam rooms, restroom, break room, and reception Private storage located in the basement at no additional cost - approximately 600 SF

15,000 SF Available for Lease @ $14.00 NNN

Sale Price: $3,250,000 Cap Rate: 3.75%

Suite 200: 1,400 SF @ $12.00 FS Great downtown location Across the street from TRAX Owner on-site Many amenities within walking distance, Stone Ground, library, Cannella's, People's Coffee etc. Professional management company

Colliers International is pleased to present this exclusive offering to acquire the rare Salt Lake City property of Avenue View Apartments, comprised of 27 fully renovated units.​ Located in the highly coveted neighborhood of The Avenues, Avenue View is close to a dazzling array of amenities at which to visit, shop, and dine.​ With less than a 6-minute drive to Downtown Salt Lake, the University of Utah, & Westminster College, and less than a 10-minute drive to the Salt Lake City International Airport or Interstate 15, Avenue View provides easy access to the entire Salt Lake Valley. Originally constructed in the 1970s, Avenue View has been fully renovated in 2020 and is currently 100% occupied. There is value-add opportunity in that the rents have remained below market while still leasing up strongly during the pandemic. These factors, along with Avenue View’s prime location and renovation, make it an incredible opportunity to invest in the desirable Salt Lake City market.

Colliers International is pleased to present this exclusive offering to acquire Century Apartments, located in the heart of Sugar House and comprised of 31 fully renovated units.​ Close to a dazzling array of amenities at which to visit, shop, and dine, and with less than a 15-minute drive to Downtown Salt Lake, Interstate 15, the University of Utah, and Westminster College, Century Apartments provides easy access to the entire Salt Lake Valley.​ Originally constructed in the 1960s, Century Apartments was fully renovated in late 2019 and is currently fully stabilized.​ There is value-add opportunity in that the rents have remained below market while still leasing up strongly during the pandemic.​ These factors, along with Century’s prime location and renovation, make this an incredible opportunity to invest in the desirable Salt Lake City market and one of its best neighborhoods.​

Purchase Price - $3,600,000 ($110 PSF) Building Size - 32,499 SF Total Acreage - 1.60 acres Great central location with easy freeway access Crown signage facing Highway 201 Up to 18,263 SF available for immediate occupancy by an owner/user The majority of the available 18,263 SF would be taken from Sublessors, allowing a variety of smaller users to take occupancy and still have the building be 100% occupied.

Building square footage - 20,847 SF Suite 200: 3,956 RSF (Build-out space) Suite 210: 2,735 RSF (shell) Suite 320: 1,665 RSF (shell) Purchase price - $3,300,000 ($158 PSF) Total acreage - 2.01 acres Parking - 53 stalls (property has the ability add additional stalls) Up to 15,860 SF available for immediate occupancy by an owner-user The building was constructed in 2006 and has been well maintained The property has easy access to the I-215 and I-15, has many retail amenities within walking distance, and is surrounded by affluent neighborhoods.

Transit-Oriented Development—10 Minutes from Downtown SLC & 5 Minutes from Airport ​​​​​​​​​​​​​​Colliers International is pleased to exclusively present the opportunity to acquire North Metro Townhomes. Built in 2019, the North Metro Townhomes are a 28-unit townhome project built by the acclaimed Lotus Company. Built with beautiful and modern architecture, North Metro offers all the rewards and comforts of high-class living. Whether it be a relaxing night of beautiful Salt Lake City views or a night out on the town, North Metro Townhomes offers future tenants pet-friendly, 1-bedroom floor plans just minutes from Salt Lake City’s finest shopping and dining combined with comforting amenities.  North Metro Townhomes is poised to take advantage of the incredible growth and activity that North Temple has seen, and will continue to see decades to come. Being one of the few townhomes in the market and submarket, there is little-to-no competition moving forward. ​​​​​​​One of the most in-demand product types for renters in the Salt Lake City area are Class A townhomes. Due to their larger floor plans and multi-floor living, they offer the advantage of a single-family residence without the cost and maintenance. A recent Colliers survey of Class A townhomes across Salt Lake City showed average vacancy was less than 2%—lower than the already-strong vacancy rate of traditional Class A apartments units in the downtown area.

Colliers International is pleased to present the opportunity to acquire Pauline Downs, a multifamily property consisting of 112 total units between four buildings (the Pauline, Embassy Arms, Embassy, and Downing). Originally built in stages from 1907–1931, the buildings were last renovated in 1995, maintaining its old world, historic charm with modern amenities.  After the 1995 renovations, Pauline Downs was placed in the Low Income Housing Tax Credit (LIHTC) Program with a commitment beginning at that time of 99 years, which requires units to be rented to tenants who qualify as “low income,” as defined by HUD. In May 2020, the Embassy Apartments building experienced a major fire, making its 32 units currently unrentable. This presents a new owner with a variety of potential options to add substantial value to the project via the Embassy building. Potential options may include a full renovation, a potential rebuild, a rebuild with additional units, and/or a potential for new or additional tax incentives associated with the project.  With a best-in-market location, much of the property currently rented significantly below its maximum allowable rents, and opportunity presented by the units at Embassy Apartments, Pauline Downs presents a new owner with significant upside in both the near and long terms. 

Cap Rate: 5.00% NOI: $166,621

Available for Sale or Lease Aggressive $19.00 Rate Creative Office Design Open Layout with Semi-Private Offices Break-Room with Loft Exposed Brick and Beams Barreled Roof Plenty of Street Side and Private Parking

2,217 Total SF Building 1 - 1,717 SF Building 2 - 500 SF 0.39 Acres Great corner location Commercially Zoned BC 6/1000 parking ratio ADT: Over 29,000 vehicles

Avenue East Apartments is a newly renovated community in Downtown Salt Lake City, Utah. Featuring plenty of upscale features on an established tree-lined street in the popular Avenues neighborhood, tenants enjoy a comfortable apartment equipped with all new finishes and energy-efficient appliances. Additionally, there is on-site parking, an upgraded laundry facility, and proximity to Downtown Salt Lake City, which is home to City Creek Center, Westminster College, Gateway Mall, and Vivint Arena.

Available space: 3,550 SF Lease Rate: $17.50/SF, MG Sale Price: $1,800,000 Lease rate: $17.50/SF MG Creative design space Vaulted ceilings and exposed brick/beam Off-street parking w/3 reserved stalls Located in historic gateway area Zoned D-3: allowing downtown Warehouse & residential & office Shower Skylights Fiber connectivity One block to Transportation Hub

Great Owner User Office Warehouse. 10 x 14 GL Door, 3 Phase 400 amp Service. Property that connects to this is also listed and offers an additional 3700 sf. HOA covers all exterior maintenance.

Class A Office condo located in the heart of the Salt Lake Valley. Located Minutes from two major interstates I-15 & I-215. Sale Consists of 5 individual office condos packaged together. Total floor square footage is 8,000 SF including common area, Usable square footage is approx 6,148 square feet. Great office buildout, large executive offices, conference rooms & Break rooms.

Great land in the heart of South Jordan City. Minutes from I-15 and surrounded by office & multifamily users. Current zoning isAgricultural, designated as Office zoning within the future land use of South Jordan City. The P-O zone would allow for anumber of commercial users and is not limited to strictly office use. See list of permitted and conditional uses attached. Selleris willing to entertain reasonable seller financing terms. Buyer to verify all. Call for more information!

15 Unit Apartment Complex for Sale

Generous Tenant Improvements Available. Newly Renovated Multi-Level Covered Parking Structure 96 Covered Stalls With Potential Access To 260 City Owned Parking Stalls Nearby. Easy Access to Interstate 15. New Roof in 2013. New HVAC Systems. Building Signage Available

2 stories with elevator. 62 parking stalls. Building signage available.

Price reduced for quick sale. Rarely available flat .5 acre property. Amazing opportunity to build your dream home or multi unit project. Zoning is RM-10, link in 'Agent Remarks' provides Municipal Code for RM-10, please review. Please contact Murray City Planning and Zoning 801-270-2420 for specifics on development questions, permitted uses, density requirements, etc... Great investment and portfolios building opportunity for any investor, builder, or new buyer in the market. Tucked away in a corner of a quiet neighborhood and dead end location. Large open park like setting and close to it all.

Massive price adjustment. All brick, free standing, owner-user building. Two level Office (Main level 5414 sq ft, 2nd Level 4348 sq ft) with 14 stall underground parking and 1337 sqft basement storage (possible 4 more parking spaces for total of 18 underground stalls). Zoned Commercial Corridor. Premium access and visibility on 700 E. Annual Average Daily Traffic 37,000 (2014.) Close to restaurants, amenities, and freeway access.

Approved for Retail or OfficeFood uses up to approx. 4,000 sq ftRetail uses up to approx. 8,000 sq ftOffice uses up to approx. 13,000 sq ft 0.75 acres (32,712 sq ft) Max SF: 8,000 SF; Min SF: 2,000 SF Build To Suit Frontage on 114th So. of 148 linear feet. Average Daily Traffic: 11400 S 31,000 ADT 3600 W 8,000 ADT Right in Right out at the subject. Improved pad utilities stubbed, partial curb/gutter in place Land Price $23.50 sq ft / $768,732

Unique opportunity to own a fully improved indoor/outdoor sports facility.

Great window lines providing natural light throughout.