669 W 900 N
Approximately 26,000 SF mixed-use property in North Salt Lake, Utah, offered at $13,000,000 at a 6.55% cap. The two-story, single-building asset spans office, retail, and industrial uses on a 3.94-acre parcel zoned MD (Mixed Development). Built in 1998, the property presents a mark-to-market value-add opportunity with current rents at approximately $1.00 per square foot against an estimated market rent of $1.60 per square foot, providing meaningful upside potential through rental growth and income expansion.
The site benefits from strong regional connectivity, with access to public transportation, bus lines, and commuter rail, plus proximity to Salt Lake City International Airport. Parking is provided at 3.47 spaces per 1,000 SF. The property's mixed-use configuration and location near transit infrastructure position it well for repositioning and tenant diversification.
- Mark-to-market opportunity: current rents at $1.00/SF vs. estimated market $1.60/SF
- 25,960 SF mixed-use (office, retail, industrial) on 3.94 acres
- Two-story building; strong transit access and airport proximity
- 6.55% cap rate at asking price
More property details
Features & amenities
Location
The property offers an attractive mark-to-market, value-add opportunity, with current rents significantly below prevailing market levels. Existing space is leased at approximately $1.00 per square foot, compared with an estimated market rent of $1.60 per square foot, providing meaningful potential for rental growth and increased income.