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74 E 400 S 27,185 SF Vacant Office Building Logan, UT 84321 $8,250,000 ($303.48/SF) 7.59% Cap Rate
INVESTMENT HIGHLIGHTS
- Beautiful new building on Logan River
- Quality built building
- Covered parking with solar panels
EXECUTIVE SUMMARY
Prime office building ready for your custom build-out. 118 parking stalls, 69 covered with solar panels. Great location on Logan River across from Riverwoods conference center and associated restaurants and businesses. Electrical power savings from solar panels.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$706,810
|
$26.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$706,810
|
$26.00
|
| Taxes |
$49,308
|
$1.81
|
| Operating Expenses |
$35,341
|
$1.30
|
| Total Expenses |
$84,649
|
$3.11
|
| Net Operating Income |
$622,161
|
$22.89
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $706,810 |
| Annual Per SF | $26.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $706,810 |
| Annual Per SF | $26.00 |
| Taxes | |
|---|---|
| Annual | $49,308 |
| Annual Per SF | $1.81 |
| Operating Expenses | |
|---|---|
| Annual | $35,341 |
| Annual Per SF | $1.30 |
| Total Expenses | |
|---|---|
| Annual | $84,649 |
| Annual Per SF | $3.11 |
| Net Operating Income | |
|---|---|
| Annual | $622,161 |
| Annual Per SF | $22.89 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Building Size
27,185 SF
Building Class
A
Year Built
2022
Price
$8,250,000
Price Per SF
$303.48
Cap Rate
7.59%
NOI
$626,000
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,593 SF
Slab To Slab
12’
Building FAR
0.35
Lot Size
1.77 AC
Opportunity Zone
Yes
Zoning
Commercial - General commercial. Highway frontage.
Parking
69 Spaces (2.54 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Air Conditioning
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 02-054-0043 | Total Assessment | $5,006,873 (2024) |
| Land Assessment | $534,036 (2024) | Annual Taxes | $49,308 ($1.81/SF) |
| Improvements Assessment | $4,472,837 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
02-054-0043
Land Assessment
$534,036 (2024)
Improvements Assessment
$4,472,837 (2024)
Total Assessment
$5,006,873 (2024)
Annual Taxes
$49,308 ($1.81/SF)
Tax Year
2025
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74 E 400 S
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