5250 South Commerce Drive, currently known as the Atrium Building, is a Class B office building located off I-15 and 5300 South. The building will result in an exceptional investment due to its:
- Value ad lease up opportunity, significant upside due to low cost psf acquisition (1/3 of replacement cost)
- Prime location with I-15 visibility
- Walking distance to light rail (Trax), high speed (Frontrunner) and Murray Central station redevelopment
- Ample parking with synergy located next to Commerce Center (currently owned by Fort Street Partners)
- Future re-development opportunity
The property will provide consistent returns after the conservatively allocated 18 month lease up time. This building provides an opportunity to make common area, tenant improvements and revamp the leasing strategy to acquire new tenants.