GREENPRINT West Temple AVAILABLE FOR SALE856 South West Temple, Salt Lake City

$17,900,000

145 Units

Dec 2019 Completion

Four story construction

Teri Pembertonteri@oz-dev.com801.427.7005

mailto:teri@oz-dev.com

Executive SummaryGREENPRINT West Temple brings efficient, transit-oriented living spaces to downtown Salt Lake City.

All units are efficient studio apartments, averaging 240+

square feet, with rents estimated at $675-$800 / month.

Close to transit, new restaurants, and minutes from the heart of SLC. GREENPRINT is appealing to the tenants of the city's median age group of 27 years old.

Construction by Squires for two buildings will be completed December 2019, with the third building completed in January 2020.

There is no reserved, on-premises parking. Limited street parking is available nearby.

Units have individual electrical meters. All other utilities are master metered, with RUBS.

$47,673**

$100,808

$12,360

$85,902

$8,400

Pro Forma

Cap Rate: 5.4%

Income: $1,222,113* Expenses: $255,143

* Annual, based on 95% occupancy

** Management fee based on current contract

Management

Taxes

Insurance

Repairs

Advertising

$1,191,813

$20,880

$9,420

Rents

RUBS (net)

Other Income

GREENPRINTWest TempleTRAX station

Close to TRAX

Great Restaurants

GREENPRINTWest Temple

Near Great Restaurants