844-856 S West Temple - Apartments FOR SALE
Salt Lake City, UT 84101 |
844-856 S West Temple
Salt Lake City, UT 84101
HIGHLIGHTS
- Lease-up began in March 2020 and has remained strong throughout COVID-19 with an average absorption of 17 units per month.
- Affordable, efficient units will always be in significant demand delivering durable cash flow with consistently full occupancy.
- The Granary District is one of the most attractive areas for new development with $1 Billion of value created over the next five years.
- Transit-oriented location with TRAX Light Rail station one block west; encourages excellent walkability and car-free lifestyle.
- Average market rent of $702/mo. ($2.96 psf) is 45% more affordable than Class-A Studio Units in the downtown area.
- Visibility along W Temple, primary entrance to the heart of downtown, immediate access to 900 South, the City’s premier corridor for new development.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Green Print At West Temple Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
72500
STORIES
4
YEAR BUILT
2020
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
15-12-276-028-0000,15-12-276-029-0000,15-12-276-031-0000
