OCR Text |
Show M'INTYRE PURCHASES OLD AUERBACH SITE. Salt Lake, May 2. One of the largest larg-est deals in Main street real estate over consummated In Salt Lake City was brought to a successful conclusion conclu-sion yesterday, whon William H Mclntyre Mc-lntyre purchased from F. Aucrbach Bros., tho Auorbach holdings on South Main street, opposite the Tribune. The exact purchase price was not mode public, but It Is understood to have been in the neighborhood of $276,000. In connection with the purchase, pur-chase, It is understood that .Mr Mclntyre Mc-lntyre leased tho proporty to tho Auerbachs for five years at a net ront-al ront-al of approximately $85,000. The sale of the Auorbach proporty establishes a new record for Main street frontage, the price paid being approximately $35,000 a front fooL This proporty has been owned by F. Auorbach & Bro , for many years, tho brothers having purchased It shortly after their arrival In Salt Lako more than forty years ago. |