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11 photos
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$975,000
Est. payment /mo
435 Sqft Lot
UPDATED:
08/16/2024 06:39 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Pending
Purchase Type For Sale
Subdivision Avigation Condo
MLS Listing ID 1984928
Construction Status Blt./Standing
HOA Y/N No
Year Built 2007
Annual Tax Amount $3,967
Lot Size 435 Sqft
Acres 0.01
Lot Dimensions 0.0x0.0x0.0
Property Description
Amazing investment opportunity. 6.15% Cap Rate. This unit has a newly signed 5 Year Term Lease that ends Sept 2029. Lease is NNN and Year one NOI is $60,000 with 3% annual rate increases. Perfect investment opportunity with almost zero landlord responsibilities. Renovated pictures toward the end are of a different unit and are visual representations of what the end product will look like only once the remodeling is completed. Additional unit #6718 is also for sale as an owner/user property and can be purchased together for $1,950,000. See MLS #1984931 for more details on that unit.
Location
State UT
County Salt Lake
Area Wj; Sj; Rvrton; Herriman; Bingh
Interior
Fireplace No
Exterior
View Y/N No
Present Use Industrial,Retail,Office
Private Pool false
Building
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 21-19-326-005
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Listed by Millbrook Real Estate Services LLC
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Kelli Stoneman
Broker Associate | License ID: 5656390-AB00
Broker Associate License ID: 5656390-AB00