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Market Comparables
Sales
Property Address City Year Built Units Sale Price $/Unit Sale Date
Hardware Apartments 455 W 200 N Salt Lake City 2018 453 $178,000,000 $392,936 May-20
4th West 255 North 400 W Salt Lake City 2017 493 $172,550,000 $350,000 May-19
Alta Gateway Station 385 W 100 S Salt Lake City 2017 277 $82,500,000 $297,834 Oct-18
The Zeller 2255 South 300 E Salt Lake City 2018 293 $87,000,000 $296,928 Aug-19
Gateway 505 505 W 101 S Salt Lake City 2017 277 $82,000,000 $296,029 Oct-18
Average -- -- 2017 359 $120,410,000 $340,526 --
Granary Gateway 161 W 600 S Salt Lake City 2023 184 $50,500,000 $274,457
Rent Studio
Property Address City Year Built Units SF Rent $/SF
Hardware Apartments 445 W 200 North Salt Lake City 2018 276 502 $1,481 $2.95
The Essex 350 S 600 E Salt Lake City 2013 181 425 $1,211 $2.85
Pierpoint by Urbana 215 W Pierpont Salt Lake City 2019 87 440 $1,230 $2.80
Salt Flats Apartments 447 E 100 South Salt Lake City 2019 86 483 $1,218 $2.52
Nexus on 9th 932 E 900 S Salt Lake City 2019 28 619 $1,500 $2.42
6 The Morton 245 S 200 E Salt Lake City 2019 137 525 $1,269 $2.42
Average -- -- 2018 133 499 $1,318 $2.66
Granary Gateway 161 W 600 S Salt Lake City 2023 184 330 $1,059 $3.21
18 | GRANARY GATEWAY
