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5115 West 700 SSalt Lake City, UT 84104
5115 W 700 S
Single-Tenant Industrial Outdoor Storage (IOS) Asset | Highly Desired Salt Lake City Industrial Corridor | 5 Year Lease Term | Below Market Rents
Overview
Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant industrial building totaling approximately 12,304 square feet, situated on a ±2.30-acre site at 5115 W 700 S in Salt Lake City, Utah (the “Asset” or “Property”). The Property is fully leased to RM Rubber & Plastic Company (“Tenant” or “RM Rubber”) under an absolute NNN lease structure with 5 years of term and 3.0% annual rent escalations, providing investors with predictable, low-management income.
Investment Highlights
WELL-BUILT SOLE PRODUCTION FACILITY
- ±12,304 SF facility across one primary building and two ancillary structures on a ±2.30-acre parcel
- Low building coverage (±12% FAR)
- Metal construction, built out in phases in 1998, 2007, and 2012
- 16' clear height and 3 oversized drive-in doors
- 10-ton and 5-ton overhead cranes
ESTABLISHED, OWNER-OPERATED TENANT
- RM Rubber & Plastic Company is an independently owned industrial rubber and plastic lining company founded in 1994, with founders bringing combined rubber-industry experience dating back to the 1960s
- The company has occupied and operated at the Property for decades, reflecting deep operational ties to the site
LONG-TERM ABSOLUTE NNN LEASE STRUCTURE
- Absolute NNN lease eliminates landlord expense obligations and minimizes ongoing ownership responsibilities
- Annual rent escalations of 3.0% provide built-in income growth and a hedge against inflation
- Approximately 5 years of remaining firm lease term
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5115 West 700 SSalt Lake City, UT 84104
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