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Lattice 640 S West Temple

184 Unit Block of Flats For Sale Salt Lake City, UT 84101

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Investment Highlights

Rare 4.92 acre downtown Salt Lake City site with several allowable development options
Surrounded by employment, retail, and entertainment

Opportunity zone location allowig for favorable Federal tax treatment
Walk score of 79 and a bike score of 88

Executive Summary

The property lies on the edge of the Granary District, on Salt Lake City’s reinvented west side. The immediate area has experienced tremendous change over the last five years. Once dominated by empty decaying warehouses, a wave of development and redevelopment has occurred. There has been adaptive reuse from abandoned warehouses to creative offices, life sciences, apartments, coffee shops, restaurants, and breweries addressing the growing demand for the live, work, and play environment. The proximity to the interstate, transit, CBD, and already redeveloped areas such as The Gateway, have played a part but there is a new ambition and desire to embrace the gritty industrial look from the past and reimagine these properties for today.

Lattice Apartments_FINAL

Property Facts

Sale Type	Investment	Building Class	C
Sale Conditions	Development Sale	Lot Size	4.45 AC
No. Units	184	Building Size	240,000 SF
Property Type	Residential	Number of Floors	13
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park	Year Built	2023
Apartment Style	Mid Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Investment
Sale Conditions	Development Sale
No. Units	184
Property Type	Residential
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park
Apartment Style	Mid Rise
Building Class	C
Lot Size	4.45 AC
Building Size	240,000 SF
Number of Floors	13
Year Built	2023
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Air Conditioning
Disposal
Heating

Kitchen
Wooden Floors

Refrigerator
Oven

Range
Tub/Shower

Site Amenities

Business Centre
Clubhouse
Fitness Centre

Furnished Units Available
Package Service
Roof Terrace

Conference Rooms
Lift
Lounge

Public Transportation
Study Lounge

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
Studios	184	-	357 - 361

PROPERTY TAXES

Parcel Number	15-01-478-018-0000	Improvements Assessment	£17,181,011
Land Assessment	£14,564,839	Total Assessment	£31,745,849

PROPERTY TAXES

Parcel Number

15-01-478-018-0000

Land Assessment

£14,564,839

Improvements Assessment

£17,181,011

Total Assessment

£31,745,849

zoning

Zoning Code	D-1 & D-2 (D-1: Central Business District HEIGHT RESTRICTIONS At least 100’. No maximum height. D-2:HEIGHT RESTRICTIONS 65’ maximum, possibly up to 120’ maximum)
D-1 & D-2 (D-1: Central Business District HEIGHT RESTRICTIONS At least 100’. No maximum height. D-2:HEIGHT RESTRICTIONS 65’ maximum, possibly up to 120’ maximum)