sorenson 10 sorenson research park - costar ahimages2.loopnet.com/d2/3namvcrivob6rq7bzxsmfz9b… ·...
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4179 Riverboat Road - Taylorsville, Utah
This Investment Offering provides the Opportunity for an Investor to acquire SORENSON 10, a 41,226 square foot multi-tenant class-B office building situated in the heart of the Salt Lake Valley. Located in Sorenson Research Park, the building is currently 88% occupied by 5 tenants. The impressive rent roll includes; Psomas, General Electric, Dewhirst & Dolven, Best Buy, and Wells Fargo.
Sorenson Research Park is recognized for being located in the center of the labor force with immediate and easy access to the I-15 Freeway and Redwood Road. Numerous major credit corporations find Sorenson Research Park, and specifically SORENSON 10, appealing due to its unique balance of providing an appropriate corporate appearance at highly competitive lease rates. The above market parking ratio of 5/1000 sf provides an efficient operating environment.
PROPERTY INFORMATIONBuilding Size: 41,226 sq. ft.
Site Size: 3.37 acres
Age: 1998
Zoning: M-1
Parking: 206 spaces (approx.)5/1,000 sf ratio
Number of Tenants: 5
Occupancy: 80%
Sales Price: No established asking price
HIGHLIGHTS INCLUDE:• 80% occupancy• Above market 5/1000 sf parking ratio• Credit tenants: Psomas, General Electric, Dewhirst & Dolven, Best
Buy, and Wells Fargo• History of high tenant retention• Well staggered lease expiration dates• In place average lease rate of $20.03 psf vs Sorenson Research Park
average lease rate of $20.58 psf• Dock high loading dock• Location central to labor force• Central to I-15 Freeway entrance/exit and Redwood Road
SORENSON 10SORENSON RESEARCH PARK
SORENSON 10 is well positioned to produce consistent per-formance in the very dynamic Salt Lake City commercial real estate market.
Marketed by Chris Kirk, SIORManaging [email protected]
Travis YatesVice [email protected]
Kip Paul Executive Director801-303-5555 [email protected]
INVESTMENT OFFERING
Marketed by
Kip Paul Executive Director - Investment Sales801-303-5555 [email protected]
Travis YatesVice [email protected]
Chris Kirk, SIORManaging [email protected]
170 South Main Street, Suite 1600Salt Lake City, Utah 84101Tel 801-322-2000 Fax 801-322-2040comre.com
111 South Main Street, Suite 2200Salt Lake City, UT 84111Tel 801-441-5937cbcadvisors.com
Cushman & Wakefield Copyright 2017. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. path: 1- Projects/Paul, K/1 - Flyers/4179RiverboatRd
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
SORENSON 10 SORENSON RESEARCH PARK