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Foxridge 560 S Main St 6,079 SF 100% Leased 4-Star Office Building Springville, UT 84663 $1,999,999 ($329.00/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Turnkey
- New
- Highly Visible
EXECUTIVE SUMMARY
Beautiful building in the Foxridge development in Springville. Two office condos and 4 residential condos on top. Office condos have one long term tenant and the owner will lease back his office after the sale. The 4 residential leases all have tenants paying about 1435 a month. As turnkey as turnkey gets.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$108,204
|
$17.80
|
| Other Income |
$110
|
$0.02
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$108,314
|
$17.82
|
| Taxes |
$9,405
|
$1.55
|
| Operating Expenses |
$4,000
|
$0.66
|
| Total Expenses |
$13,405
|
$2.21
|
| Net Operating Income |
$94,909
|
$15.61
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $108,204 |
| Annual Per SF | $17.80 |
| Other Income | |
|---|---|
| Annual | $110 |
| Annual Per SF | $0.02 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $108,314 |
| Annual Per SF | $17.82 |
| Taxes | |
|---|---|
| Annual | $9,405 |
| Annual Per SF | $1.55 |
| Operating Expenses | |
|---|---|
| Annual | $4,000 |
| Annual Per SF | $0.66 |
| Total Expenses | |
|---|---|
| Annual | $13,405 |
| Annual Per SF | $2.21 |
| Net Operating Income | |
|---|---|
| Annual | $94,909 |
| Annual Per SF | $15.61 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Office/Residential
Building Size
6,079 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2022
Price
$1,999,999
Price Per SF
$329.00
Cap Rate
5%
NOI
$100,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,026 SF
Building FAR
0.30
Lot Size
0.47 AC
Zoning
C - Commercial/Multifamily
Parking
8 Spaces (1.32 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Storage Space
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Edward Jones Financial
- Finance and Insurance
- -
- -
- Apr 2029
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Edward Jones Financial | Finance and Insurance | - | - | Apr 2029 |
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 39-313-0001 | Total Assessment | $1,002,825 (2025) |
| Land Assessment | $342,100 (2025) | Annual Taxes | $9,405 ($1.55/SF) |
| Improvements Assessment | $1,004,300 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
39-313-0001
Land Assessment
$342,100 (2025)
Improvements Assessment
$1,004,300 (2025)
Total Assessment
$1,002,825 (2025)
Annual Taxes
$9,405 ($1.55/SF)
Tax Year
2024
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
The Blackstone Property Group
Foxridge | 560 S Main St
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