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246 E Fiddlers Canyon Rd 8,859 SF Office Building Cedar City, UT 84721 $1,500,000 ($169.32/SF) 7% Cap Rate
Executive Summary
Fantastic building in a good location with so much opportunity! The building is 8859 sq. ft. with 13 office spaces, 4 large multi purpose rooms, 1 large conference room, a kitchen area, large gym, ample parking and outdoor area. Immediate rental income! There is currently a lease in place on the property.
Lease terms:
- Triple net
- Lease term through 10/1/2027
- Monthly lease amount $11,073.75
- Tenant to pay for all utilities.
Lease terms:
- Triple net
- Lease term through 10/1/2027
- Monthly lease amount $11,073.75
- Tenant to pay for all utilities.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
8,859 SF
Building Class
B
Year Built/Renovated
1984/2019
Price
$1,500,000
Price Per SF
$169.32
Cap Rate
7%
NOI
$105,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
8,859 SF
Building FAR
0.24
Lot Size
0.86 AC
Zoning
C - Commericial
Parking
19 Spaces (2.14 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Courtyard
- Fenced Lot
- Fitness Center
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Fiber Optic Internet
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | B-0001-0009-0023-03 | Improvements Assessment | $633,253 |
| Land Assessment | $239,754 | Total Assessment | $873,007 |
Property Taxes
Parcel Number
B-0001-0009-0023-03
Land Assessment
$239,754
Improvements Assessment
$633,253
Total Assessment
$873,007
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246 E Fiddlers Canyon Rd
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