Rockwell Ridge Business Park FOR SALE


$22,060,362 USD
801-860-5030
, Bluffdale, UT for Sale
$22,060,362 USD
FOR SALE
1/16
null | 5.25% Cap Rate

Rockwell Ridge Business Park
Bluffdale, UT
Outer S Jordan/Riverton/Bluffdale


HIGHLIGHTS

  • Investment Sale: 78,291 Sq Ft Flex Property (2 bldgs) on 11.53 acres.
  • 100% Occupied. Sale-leaseback 53%. Four other tenants occupy 47%.
  • Up to 11 potential suites (7 currently)
  • Built in 2018. Zoned Heavy Commercial.
  • Located off I-15 at gateway to The Point (600-acre planned development)

OVERVIEW

NEXUS Commercial Real Estate is proud to present a once-in-a-lifetime investment opportunity! The ROCKWELL RIDGE BUSINESS PARK is a two-building, 78,291 sq. ft., 100% leased, multi-tenant, Flex trophy asset with outsized growth potential driven by strong economic and demographic trends. It is located at what many consider to be the most desired Flex location in all of Salt Lake County (and Utah); right off I-15 exit at the gateway to The Point development, a 600-acre planned community in Draper. The park is supported by six adjacent retail buildings. Seller will lease back 53% of the space for 3-5 years. The remaining 47% is comprised of six units occupied by 4 tenants. All leases are NNN and WALT is 3.5 years. Year 1 NOI is $1,158,169 with potential to increase NOI by 41% in 5 years, and increase NOI by 123% in 10 years! Contact exclusive listing agent for CA and OM. Jason Hagblom, NEXUS Commercial Real Estate, jason@nexuscres.com, 801-860-5030 direct.

ASK ABOUT THIS PROPERTY

Jason HagblomNEXUS Commercial Real EstateMore Info
801-860-5030

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Jason HagblomNEXUS Commercial Real EstateMore Info
801-860-5030

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