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240 N 400 W 10,045 SF Specialty Building Offered at $2,800,000 at a 5.27% Cap Rate in Kaysville, UT 84037
Investment Highlights
- Prime Investment Opportunity
- 20 Year Ground Lease - NNN (19 yrs remaining)
- Do Not Disturb Tenant
- PRICE REDUCED!!! $2,800,000 | 5% CAP | $140,000 NOI
- Four - 5 Year Options to renew w/10% increase every 5 years
- Contact Listing Agent for additional information and to schedule walk through
Executive Summary
Price Reduced!
Newly signed 20 year lease (19 remaining) with four - 5 year options to renew
10% rent increases every 5 years
Newly signed 20 year lease (19 remaining) with four - 5 year options to renew
10% rent increases every 5 years
Property Facts Under Contract
| Price | $2,800,000 | Building Class | B |
| Price Per SF | $1,176.47 | Lot Size | 0.78 AC |
| Sale Type | Investment NNN | Building Size | 2,380 SF |
| Cap Rate | 5.27% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1970 |
| Property Subtype | Self-Storage | Parking Ratio | 9.24/1,000 SF |
| Zoning | GC | ||
| Price | $2,800,000 |
| Price Per SF | $1,176.47 |
| Sale Type | Investment NNN |
| Cap Rate | 5.27% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 0.78 AC |
| Building Size | 2,380 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 9.24/1,000 SF |
| Zoning | GC |
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 15-169-0001 | Improvements Assessment | $390,348 |
| Land Assessment | $560,617 | Total Assessment | $950,965 |
Property Taxes
Parcel Number
15-169-0001
Land Assessment
$560,617
Improvements Assessment
$390,348
Total Assessment
$950,965
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240 N 400 W
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