- For Sale and Lease
$13.50 / year USD
Admiral Byrd Plaza is a 3-building owner/user investment opportunity featuring 46,110 square feet of interior space across 5.88 acres in the heart of the Northwest Quadrant of Salt Lake City, Utah. The property is primarily an office investment with stable income from the food court retail configuration on-site in Building 3 and two cell phone towers. There are several occupants that provide the center with diversification, or it can be purchased as a standalone investment as separated parcels. Admiral Byrd represents a unique opportunity in an incredible pinch point location in a booming submarket.
A retail pad opportunity is available in Building 1 (currently vacant), though each building presents its own prospects – it is possible to convert to industrial distribution space alongside existing offices in Building 1 (17,280 SF on 2.12 acres) and Building 2 (12,960 SF on 1.65 acres), for an available total of 30,240 SF on 3.77 acres. The entire property is for lease and/or for sale at $13.27/SF on the land with existing office, offering a variety of options to the market, and can also accommodate smaller owner/user investment opportunities.
The general trade area is sought after by large scale distribution companies like Amazon and UPS, and includes the recently completed multi-billion dollar redevelopment of Salt Lake International Airport, the state prison relocation currently in motion, and a substantial infrastructure venture underway to immediately develop the 1,500 acres surrounding Admiral Byrd.