Single-Tenant NNN
3010-3020 S West Temple South, Salt Lake City, UT 84115
For Sale
Contact for pricing
Pending
Fully leased to SameDay under a NNN structure with limited landlord responsibilities.
Property Size36,834 SF
Days on Market108
Property Features for 3010-3020 S West Temple South
General Information
Standard status
Size
Class
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Tenancy
Building Size
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Tivon Moffitt · License AZ BR639369000
(954) 547-7212
Source:
Crexi
Added: Jul 30
Changed: Nov 8
Last Checked: Nov 12 at 7:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Phoenix
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Investment Insights
Based on property information with market context.
This single-tenant commercial asset contains ±36,834 square feet and was completed in 2007. The property is leased in its entirety to Intermountain Home Services, LLC, operating as SameDay Heating & Air, Plumbing, and Electrical. The lease is structured as NNN, leaving limited landlord responsibilities under the stated terms.
Approximately five years of firm lease term remain following a recent extension. Contractual rental increases are set at 3.5% annually, and the property carries CB zoning. The asset is located in South Salt Lake City, Utah, at 3010-3020 S West Temple.
Approximately five years of firm lease term remain following a recent extension. Contractual rental increases are set at 3.5% annually, and the property carries CB zoning. The asset is located in South Salt Lake City, Utah, at 3010-3020 S West Temple.
Key Highlights
- ±36,834 square feet of commercial space
- 100% leased to Intermountain Home Services, LLC d/b/a SameDay Heating & Air, Plumbing, and Electrical
- NNN lease with approximately five years of firm term remaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$241,655
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,833,100
$4.8M
Cap Rate 7%
$3,452,214
$3.5M
Cap Rate 9%
$2,685,056
$2.7M
Market Conditions
NOI Build-Up for 36,834 SF
Gross rent
$366.9K $9.96/SF
− Vacancy
−$21.6K −$0.59/SF
EGI
$345.2K $9.37/SF
− OpEx
−$103.6K −$2.81/SF
NOI
$241.7K $6.56/SF
Area
Salt Lake City, UT
Vacancy
5.90%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,833,100
Cap Rate 7%
$3,452,214
Cap Rate 9%
$2,685,056
Alternative Uses
Best Use
Industrial
$3.45M
$3.02M – $4.03M
NOI $241,655 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.92M
$8.68M – $11.58M
NOI $694,653 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,720
Businesses Nearby
Explore this area
Business Placement
Demographics for 84115, UT
27,588
Population
13,899
Households
2
Avg Household Size
33
Median Age
33%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
4,523
Density / Sq Mi
$61,505
Median Household Income
$43,785
Median Earnings
$1,263
Median Rent
$396,200
Median Home Value
Market
Properties on Market for NNN properties in Salt Lake County
Vacancy Rate% for Industrial in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
NNN property - Fully leased to SameDay under a NNN structure with limited landlord responsibilities.
Where is this nnn property located?
The property is located at 3010-3020 S West Temple South Salt Lake City, UT.
What is the asking price?
The asking price for this property is $8,419,000.
What are key features of this property?
This property features: ±36,834 square feet of commercial space; 100% leased to Intermountain Home Services, LLC d/b/a SameDay Heating & Air, Plumbing, and Electrical; NNN lease with approximately five years of firm term remaining
