5450 S Green St - Medical FOR SALE


Salt Lake City, UT 84123
$7,450,000 USD
801-573-5959
5450 S Green St, Salt Lake City, UT for Sale
$7,450,000 USD
Medical - FOR SALE
1/40
null | 8.43% Cap Rate

5450 S Green St
Salt Lake City, UT 84123


HIGHLIGHTS

  • True In-Place 6.1% CAP. Pro Forma Cap 8.43% CAP
  • Effective $58/Sq Ft Shell Cost for Available Suite
  • Credit Tenant Long Term Lease Absolute Net Outpatient Surgery Center Co-Tenancy, Prepaid Rent.
  • LED Freeway Visible Signage / Ample Parking
  • Three-minute drive to the flagship hospital of Intermountain Medical Center, a 100 acre, 500+ bed, Level I trauma and a major adult referral center

OVERVIEW

—Back on the market: Sale fell through after due diligence was completed, with no objections, failed due to a strategic realignment decision by the corporate user. This is a strong, clean medical investment opportunity— A uniquely beneficial owner-user/investment opportunity, featuring a 25,852-square-foot, single-story suburban medical office and ambulatory surgical center, with absolute net tenant leases, long-term credit lease, prepaid rents, plus an available suite at an incredibly low effective price per square foot for an owner-user, in the heart of the Salt Lake Valley. Strategically located just off Interstate-15, the property benefits from high visibility due to the 220,000+ vehicles that pass daily, with LED signage visible from the Interstate. Additionally, the property is just minutes away from Intermountain Medical Center—a flagship 100-acre, 500+ bed, Level I trauma center that serves as a referral hub for six surrounding states and over 75 regional healthcare institutions. Salt Lake is recognized as one of the nation’s leading metro areas, and Utah is ranked the overall #1 state in the country by US News & World Report Best States Methodology, with top rankings in in categories such as economy, employment, and fiscal stability. Given the property’s medical tenants with high-value improvements, long term credit & absolute net leases, and central valley geographic location, this investment is well-positioned to produce consistent performance in the country’s top metropolitan area.

FOR SALE DETAILS

PRICE

$7,450,000 USD

PRICE/SF

$288 USD /SF

CAP RATE

8.43%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

R&D

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

CD-Commercial Development

APN/PARCEL ID

21-13-127-016-0000

ASK ABOUT THIS PROPERTY

Jared BoothColliersMore Info
801-573-5959

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Jared BoothColliersMore Info
801-573-5959

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.