Industrial & Logistics

Marmalade Industrial

691 N 400 W, Salt Lake City, UT, 84103-1313, US

Executive Summarydownload
Marmalade Industrial_Property for Sale

Gallery

Marmalade Industrial 2_Property for Sale

Asset description

JLL Capital Markets is proud to present the Marmalade Industrial, a 53,826 SF industrial asset located on 2.33 AC of land in the Marmalade Micromarket just five blocks north of downtown Salt Lake City. The property is vacant, providing investors the opportunity to re-lease or hold the property as a covered land play for eventual redevelopment. Based on current market rents, the opportunity provides a Pro-forma 6.5% return on cost with a projected 6.83% year one cap rate.

With immediate access to the I-15 freeway and less than a mile north of the CBD, the Marmalade Industrial offers premier accessibility to major thoroughfares and urban amenities in one of the most desirable submarkets in the United States. 

Attributes

Building area Net
53,826 sf
Occupancy
100.00%
Year built
1964

Investment highlights

  • Salt Lake City Marmalade Micromarket
  • Investment or Redevelopment Opportunity
  • <1 Mile from Downtown
  • Unpreceded Rent Growth
  • Robust Economic Recovery

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Last updated
Nov 30, 2022