Rockwell Ridge Business Park
14600 Porter Rockwell Blvd, Bluffdale, UT 84065
Two-building, 78,291 sq. ft. flex asset in Bluffdale, UT.
Type:Industrial
Property size:
78,291 SFPrice / SF:
$281/SF- Added:
- Aug 11, 2023
- Days on Market:
- 1028
- Last Refresh:
- May 12 at 8:17 pm
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 agent Jason Hagblom License #10491675
Listing office NEXUS Commercial Real Estate
Listing date Aug 11, 2023
Source Crexi
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
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.
- Year 1 NOI is $1,158,169.
- Seller will lease back 53% of the space for 3‑5 years.
- All leases are NNN with a WALT of 3.5 years.
Overview
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.
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
Retail
$16.75M
$14.66M – $19.54M
NOI $1,172,560 @ 7.0% cap · market cap 5.32%
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.
Location Intelligence
Current Use by Public Records
Flex space
Map
- City
- Bluffdale
- County
- Salt Lake
- State
- Utah
- Longitude
- -112.01
- Latitude
- 40.4909
Nearby Similar for Sale
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.
