GREENPRINT West Temple AVAILABLE FOR SALE856 South West Temple, Salt Lake City
$17,900,000
145 Units
Dec 2019 Completion
Four story construction
Teri [email protected]
mailto:[email protected]
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