Property Description

Renovated in 2021, the Office Premises is 100 percent leased to Global Payments. Situated on more than seven acres of land, the five-story office building features 106,083 square feet of rentable space with 687 parking spaces. The building’s recent extensive renovations include a roof replacement, chiller, boiler and cooling tower replacement with building automation system upgrades. The recent outdoor amenity additions include basketball, bocce, and pickleball courts. The Office Premises will be used as the corporate headquarters of Global Payments’ subsidiary, Advanced MD, Inc., which provides cloud-based enterprise solutions for physician offices in the United States.

Property Type

Office

Structure

Delaware Statutory Trust

Inland Zero Coupon
UT Office DST

UT

Remaining Availability

100% Remaining
Total Funds
$47,341,695
Remaining Availability
Taking Backups
Minimum Investment
$100K
Funded To Date
$11,012,303
Est. Hold Period
See PPM
Leverage
76.74%
Equity Raise
$11,012,303
Price/SF or Price/Unit
$446/SF

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Location Details

 
 
 

Population

1,283,161

Population Growth

1.5%

About The Area

The Property is located in South Jordan, approximately 16 miles from downtown Salt Lake City. The immediate neighborhood is dominated by commercial development, and the Property is adjacent to the Cairns District, a high-density area combining residential, office, retail and entertainment venues. South Jordan has become a top-10 fastest growing city in the U.S. with a 54 percent increase in population since the last census survey in 2010.

The Property is situated in the Salt Lake City MSA, which has a population of more than one million residents. Over the last 10 years, the population has increased by 1.5 percent annually and is expected to continue to grow through 2026 by the same percentage. The average household income is just over $100,000 and is projected to grow by 13.3 percent over the next five years. Salt Lake City is the capital and also the largest city of Utah and commonly known as the Crossroads of the West for its geography and connectivity to major western cities such as Los Angeles, San Francisco, Seattle, Denver and Phoenix. Salt Lake City is located in the foothills of the Wasatch Mountains in the northeast corner of Utah, and the area is turning into a boomtown fueled by its profitable mining industry. The Bingham Canyon Mine, also known as Kennecott copper mine, is located near Salt Lake City and it is one of the world’s biggest man-made excavation, open-pit copper mines. The mining operation employs approximately 1,900 people.6 Other employment sectors include healthcare/social assistance, retail trade and manufacturing. The current unemployment rate for Salt Lake City MSA is 2.1 percent, which is lower than the 3.6 percent U.S. average unemployment rate

 

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