Rockwell Ridge Business Park
14600 Porter Rockwell Blvd Bluffdale, UT 84065
14600 Porter Rockwell Blvd, Bluffdale, UT, 84065
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For Sale
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Two-building, 78,291 sq. ft. flex asset in Bluffdale, UT.
Property Size78,291 SF
Price / SF$281.77
Days on Market1073
Property Features for 14600 Porter Rockwell Blvd
General Information
- Standard status
- Active
- Size
- 78,291 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2018
Listing Agency
NEXUS Commercial Real Estate
Listed by
Jason Hagblom · License #10491675
Source
Crexi
Added: Aug 11, 2023 Checked: Jul 16 at 5:34 am
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 NEXUS Commercial Real Estate
Investment Insights
Based on property information with market context.
The Rockwell Ridge Business Park is a two-building, 78,291 sq. ft. multi-tenant flex asset. It is currently 100% leased and located off I-15 at the gateway to The Point development, a 600-acre planned community in Draper. The park is supported by six adjacent retail buildings. The seller will lease back 53% of the space for 3-5 years. The remaining 47% is comprised of six units occupied by 4 tenants. All leases are NNN with a WALT of 3.5 years. The Year 1 NOI is $1,158,169 with potential to increase NOI by 41% in 5 years, and increase NOI by 123% in 10 years.
Key Highlights
- 100% leased, multi‑tenant Flex trophy asset.
- Located in the most desired Flex location in Salt Lake County, at the gateway to The Point development.
- Significant NOI growth potential: 41% in 5 years, 123% in 10 years.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.00M | $25.56 |
| − Vacancy | −$110.1k | −$1.41 |
| EGI | $1.89M | $24.15 |
| − OpEx | −$661.9k | −$8.45 |
| NOI | $1.23M | $15.70 |
78,291 SF · lease $25.56/SF/yr · vacancy 5.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$17.56M
$15.36M – $20.49M
NOI $1,229,187 @ 7.0% cap · market cap 5.57%
Second Best
Industrial
$7.34M
$6.42M – $8.56M
NOI $513,640 @ 7.0% cap · market cap 2.33%
Theoretical Best
Multifamily LT 5
$1,042.47M
$912.16M – $1,216.22M
NOI $72,973,145 @ 7.0% cap · market cap 330.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Two-building, 78,291 sq. ft. flex asset in Bluffdale, UT.
Where is this flex space located?
The property is located at 14600 Porter Rockwell Blvd Bluffdale, UT.
What is the asking price?
The asking price for this property is $22,060,362.
What are key features of this property?
This property features: 100% leased, multi‑tenant Flex trophy asset.; Located in the most desired Flex location in Salt Lake County, at the gateway to The Point development.; Significant NOI growth potential: 41% in 5 years, 123% in 10 years.
