A fantastic investment opportunity! The tenant is a daycare with a lease for the next 3 years. Rent is currently at $3,400 but increasing to $3,600 in 2027 and $3,800 in 2028! That means at the list price the CAP rate will reach 8.5% within 2 years! The tenant is… Read More stable, has made significant investments into the property and expects to stay for many years. The owner only pays property tax with the tenant covering all other expenses, bills, and repairs. The solid brick building has been remodeled for the daycare business to use both suites. But could be divided again in the future. There is plenty of parking available for the tenant and customers. Also, there is a 4 car garage on the property that has been converted to individual storage bays. Read Less
Courtesy of Jacob Taylor, Utah First Realty 801-636-0525
Listing Snapshot
Days Online
16
Last Updated
Property Type
Office
Lot Size
0.28 Acres
Year Built
1971
MLS Number
2140812
Additional Details
Property Access
Accessibility Features: Ground Level
Property
Current Use: Office, Direction Faces: South, Parcel Number: 15-29-480-018, Property Condition: Blt./Standing, Property Sub Type: Office, Property Type: Commercial Sale
Building
Living Area Units: Square Feet, Year Built: 1971
Lot
Lot Size Acres: 0.28, Lot Size Area: 0.28, Lot Size Dimensions: 0.0x0.0x0.0, Lot Size Square Feet: 12196, Lot Size Units: Acres
Taxes
Tax Annual Amount: 3058
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.