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1528 N Commerce Dr - WIC Condo - Investment Sale 2,127 SF Medical Condo Unit Offered at $1,090,000 in Saratoga Springs, UT 84045

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INVESTMENT HIGHLIGHTS

5.5% Cap Rate
Annual Net Cash Flow of $59,950 with 3% annual increases

$1,090,000

EXECUTIVE SUMMARY

100% leased. 2,127 SF. Long term lease in place with Utah County's WIC program. Perfect for an investor to purchase and allow rents to increase at 3% per year for another 7+ years.

PROPERTY FACTS

Total Building Size	19,000 SF	Floors	2
Property Type	Office (Condo)	Typical Floor Size	9,500 SF
Property Subtype	Medical	Year Built	2009
Building Class	B	Lot Size	1.45 AC
Zoning	RC - Regional Commercial Zoning

Total Building Size	19,000 SF
Property Type	Office (Condo)
Property Subtype	Medical
Building Class	B
Floors	2
Typical Floor Size	9,500 SF
Year Built	2009
Lot Size	1.45 AC
Zoning	RC - Regional Commercial Zoning

1 UNIT AVAILABLE

Unit 204

Unit Size	2,127 SF	Cap Rate	5.50%
Price	$1,090,000	NOI	$59,950
Price Per SF	$512.46	Sale Conditions	1031 Exchange
Condo Use	Medical	APN/Parcel ID	66:320:0204
Sale Type	Investment

Unit Size	2,127 SF
Price	$1,090,000
Price Per SF	$512.46
Condo Use	Medical
Sale Type	Investment
Cap Rate	5.50%
NOI	$59,950
Sale Conditions	1031 Exchange
APN/Parcel ID	66:320:0204

DESCRIPTION

Investment sale of a medical suite in Saratoga Springs. Office is 2,127 RSF (2,044 USF). Currently occupied by WIC of Utah County. 3% annual increases to rent.