Keto Industrial Buildings

Keto Industrial Buildings

988 S. 3200 W.
Salt Lake City, UT
County: Salt Lake

Kip Paul

Salt Lake City, UT
Direct: (801) 303-5555
Fax: (801) 322-2040
KPaul@comre.com

Camron Carpenter

Salt Lake City, UT
Direct: (801) 303-5457
Fax: (801) 322-2040
ccarpenter@comre.com

Additional Info & Materials

Building Information

Building Sq. Ft. 42,328
Land AC 6.70
Yard Sq. Ft. N/A
Year Built 1998
Clearance 18.00 - 20.00
Rail N/A
Dock High Doors N/A
Parking N/A
Status Existing
Amps 2000
Volts 480
Phase 3
Rail Doors N/A
Truck DriveIn 7
Sprinklers Y
Crane Crane: Yes
Multi-Tenant Single-Tenant
Security No
Skylights N/A
Buildings 2
Truck Doors N/A

Investment Summary

Cap Rate (%) 6.00
Sale Conditions N/A
Price $4,686,000
Price/SF $110.00

Property Description

This Investment Offering provides the opportunity to acquire the KETO/RPM industrial buildings located in Salt Lake City, Utah. This single-tenant, two building, 42,328 square foot facility is located in the center of Salt Lake City’s industrial zone with 4 minute access to both the I-215 and I-80 Freeways. There are 13 years remaining on the 15 year initial lease term with annual 3% escalations. KETO, headquartered in Australia, is a worldwide mining and pump system provider, with offices in South Africa, Botswana, Canada, United Kingdom and the US. RPM Services, previously with three locations; Utah, Arizona and California, was acquired by KETO in 2014. RPM now operates as a wholly owned subsidiary of KETO.

Space Description

13 year remaining lease term, 3% annual escalations, Credit-worthy tenant owned by international group, Approximately 3.93 acres of excess land for outdoor storage or future building expansion.
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting, or leasing of the property described herein shall be conducted through this office. The above information while not guaranteed has been secured from sources we believe to be reliable.