949-378-7364
4192 S Riverboat Rd, Salt Lake City, UT for Sale
Office - FOR SALE
1/12
null | Request Cap Rate

4192 S Riverboat Rd
Salt Lake City, UT 84123


HIGHLIGHTS

  • MISSION-CRITICAL HEADQUARTERS AND R&D FACILITY, SECURED BY NEWLY EXECUTED 10-YEAR NNN LEASE
  • CENTRAL MID VALLEY LOCATION | UTAH

OVERVIEW

MISSION-CRITICAL HEADQUARTERS AND R&D FACILITY, SECURED BY NEWLY EXECUTED 10-YEAR NNN LEASE * Constructed in 2007 as the purpose-built headquarters for Sorenson Communications, a global leader in language services and communication solutions for Deaf, hard-of-hearing, and diverse communities, the Property contains highly specialized infrastructure that is mission critical to Sorenson’s nationwide operations. This includes a hard-to-replicate server room and centralized control room essential to the company’s nationwide interpreting and communications network. These features create exceptional stickiness and support long-term operational continuity and regulatory compliance. * Sorenson Communications is private-equity backed, carries a private credit rating of B-, and has an estimated enterprise value of $1.3 billion. The company benefits from exceptionally stable revenue, as nearly 90% of Sorenson’s revenue is supported by the FCC’s Telecommunications Relay Services (TRS) Fund, mandated under Title IV of the Americans with Disabilities Act. * Sorenson recently renewed their commitment to the Property by extending their lease to over 10 years in January 2025, providing $23.1 million of predictable cash flow through the term. CENTRAL MID VALLEY LOCATION | UTAH * Situated just south of Salt Lake City within the Sorenson Research Park, this premier address offers exceptional convenience with close proximity to major freeways and key transit corridors—making it an ideal home base for employees, partners, and visitors alike. Sorenson’s mid-valley location is highly sought after among office, financial services, and medical tenants thanks to its easy regional connectivity.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

A

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

6.12 AC

LAND SF

266,587 SF

ZONING

M-1

APN/PARCEL ID

21-02-201-005-0000

ASK ABOUT THIS PROPERTY

Anthony DeLorenzoCBRE, Inc.More Info
949-378-7364

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Anthony DeLorenzoCBRE, Inc.More Info
949-378-7364

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