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1385 W Gunlock Rd
Veyo, UT 84782
Health Care Property For Sale
·
30 Beds
PROPERTY FACTS
| Property Type | Health Care | No. Beds | 30 |
| Property Subtype | Rehabilitation Center | No. Stories | 4 |
| Building Class | B | Year Built/Renovated | 2001/2018 |
| Lot Size | 58.50 AC | Parking Ratio | 10/1,000 SF |
| Building Size | 10,000 SF | ||
| Zoning | residential/agricultural | ||
| Property Type | Health Care |
| Property Subtype | Rehabilitation Center |
| Building Class | B |
| Lot Size | 58.50 AC |
| Building Size | 10,000 SF |
| No. Beds | 30 |
| No. Stories | 4 |
| Year Built/Renovated | 2001/2018 |
| Parking Ratio | 10/1,000 SF |
| Zoning | residential/agricultural |
ABOUT 1385 W GUNLOCK RD , VEYO, UT 84782
This is a single tenant investment property sale. The property is a therapeutic home for young men in the Southern Utah 'red rock' country. It consists of a large (10,170 sqft) custom built estate with 4 levels, two kitchens and 58.5 acres of land. The facility will accommodate up to 30 beds. The Tenant is an experienced provider of therapeutic services which includes equine therapy and service projects with orphanages in Africa. The Tenant will escrow up to a year's rent as additional security on the lease at a full price purchase. The Tenant will also have a purchase option that will be effective after the 1st year of the Tenant's lease at a predetermined value. If the Tenant needs additional time to purchase the property, there will be escalators built in to the purchase option through the end of the initial 5 year term. This is a true NNN lease scenario. The Tenant will pay all expenses in addition to their monthly rent. The escrow account can be used as security for payment of taxes and insurance. NEW TERMS: The seller/tenant will also carry back up to $1 million dollars at below market rates not due until the expiration of the initial term, or until Tenant exercises his purchase option.
ROOM MIX INFORMATION
| DESCRIPTION | NO. BEDS |
|---|---|
| Therapeutic Home for Young Men | 30 |
PROPERTY TAXES
| Parcel Number | 0201544 | Improvements Assessment | $1,591,100 |
| Land Assessment | $201,500 | Total Assessment | $1,792,600 |
PROPERTY TAXES
