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Wallace Building 55-61 W 100 S 3,245 SF of Office Space Available in Salt Lake City, UT 84101
HIGHLIGHTS
- Unique Office Space with Exposed Brick & Hardwood Floors Throughout
- Next to Salt Palace Convention Center and Other Downtown Amenities
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor | 3,245 SF | Negotiable | $16.00 /SF/YR $1.33 /SF/MO $172.22 /m²/YR $14.35 /m²/MO $4,327 /MO $51,920 /YR | Modified Gross |
2nd Floor
-Unique Office Space with Exposed Brick & Hardwood Floors Throughout -Parking with Secondary Entrance Behind the Building -Additional Office Space in Building Available at No Extra Charge -Ivy & Varley Restaurant/Bar Located in the Retail Space Below -Next to Salt Palace Convention Center, City Creek, Main Street, and all Other Downtown Amenities
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 9 - 26 People
- Space is in Excellent Condition
- Natural Light
- Exposed Brick & Hardwood Floors Throughout
- Parking with Secondary Entrance
- Additional Office Space in Building Available
- Restaurant/Bar Located in the Retail Space Below
- Next to Other Downtown Amenities
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT WALLACE BUILDING
- Caffe Molise
- Landis Salons, Inc.
- Redline Entertainment, Inc.
- Rustica Gourmet Catering
- Sack Lunch Productions Inc
PROPERTY FACTS
| Total Space Available | 3,245 SF | Gross Leasable Area | 7,000 SF |
| Property Type | Retail | Year Built | 1915 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 1.43/1,000 SF |
| Total Space Available | 3,245 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 7,000 SF |
| Year Built | 1915 |
| Parking Ratio | 1.43/1,000 SF |
ABOUT THE PROPERTY
The Wallace & Bennett Building offers very unique office space with exposed brick and hardwood floors throughout. Next to Salt Palace Convention Center, City Creek Mall, Main Street and all other downtown amenities. Ivy & Varley restaurant/bar in the retail space below. Parking with secondary entrance behind the building. Additional office space available in the building at no extra charge.
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
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Wallace Building | 55-61 W 100 S
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