2192 W 5400 S - Bolt Wash
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2192 W 5400 S - Bolt Wash
6,450 SF Speciality Building Offered at £2,625,216 at a 7.64% Net Initial Yield in Salt Lake City, UT 84129
Investment Highlights
- 45,000 cars a day on 5400 South.
- Located right across from Marvin's Garden Center.
Executive Summary
See info below of what is being discussed with congress. See clip from article.
Section 168(k) bonus depreciation. Businesses were permitted to claim 100% bonus depreciation in 2022 for qualifying assets placed in service in 2022. The rate decreased to 80% in 2023, 60% in 2024, and was scheduled to drop to 40% in 2025, 20% in 2026, and zero in 2027. The proposal would extend the ability of businesses to claim 100% bonus depreciation for investments in machines, equipment, and vehicles for tax years 2023, 2024, and 2025, providing a retroactive tax benefit for 2023.
https://www.forbes.com/sites/danielmayo/2024/01/16/congress-proposes-tax-breaks-and-significant-limits-on-the-erc/?sh=71cfb0dc2b2f
Section 168(k) bonus depreciation. Businesses were permitted to claim 100% bonus depreciation in 2022 for qualifying assets placed in service in 2022. The rate decreased to 80% in 2023, 60% in 2024, and was scheduled to drop to 40% in 2025, 20% in 2026, and zero in 2027. The proposal would extend the ability of businesses to claim 100% bonus depreciation for investments in machines, equipment, and vehicles for tax years 2023, 2024, and 2025, providing a retroactive tax benefit for 2023.
https://www.forbes.com/sites/danielmayo/2024/01/16/congress-proposes-tax-breaks-and-significant-limits-on-the-erc/?sh=71cfb0dc2b2f
Property Facts
| Price | £2,625,216 | Lot Size | 0.84 AC |
| Price Per SF | £407 | Building Size | 6,450 SF |
| Sale Type | Investment | Number of Floors | 2 |
| Net Initial Yield | 7.64% | Year Built | 2015 |
| Property Type | Speciality | Parking Ratio | 1.55/1,000 SF |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Building Class | B |
| Price | £2,625,216 |
| Price Per SF | £407 |
| Sale Type | Investment |
| Net Initial Yield | 7.64% |
| Property Type | Speciality |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.84 AC |
| Building Size | 6,450 SF |
| Number of Floors | 2 |
| Year Built | 2015 |
| Parking Ratio | 1.55/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Signage
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PROPERTY TAXES
| Parcel Number | 21-10-351-048-0000 | Improvements Assessment | £736,572 |
| Land Assessment | £390,600 | Total Assessment | £1,127,172 |
PROPERTY TAXES
Parcel Number
21-10-351-048-0000
Land Assessment
£390,600
Improvements Assessment
£736,572
Total Assessment
£1,127,172
zoning
| Zoning Code | C-1 (Commercial) |
| C-1 (Commercial) |
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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2192 W 5400 S - Bolt Wash
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