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Payson Professional Offices 759 S 1040 W 12,212 SF 100% Leased Office Building Payson, UT 84651 $2,999,999 ($245.66/SF) 2.40% Cap Rate



Investment Highlights
- Great Location
Executive Summary
Prime Payson commercial property just off I-15 and 800 South, offering 2 professional office spaces with strong visibility and easy access for clients and employees. Each unit is approximately 3,053 sq ft, plus a matching 3,053 sq ft unfinished basement ideal for storage, future build-out, or additional office spaces. One unit is leased to an established dental office at $8,000/month rent plus $1,000/month CAM with approximately 7 years remaining on the lease, providing immediate income. The adjacent unit is currently vacant and previously leased at $8,000/month, with potential to increase rates in today's market and multiple parties expressing interest. Flexible layout and zoning support a variety of uses, including professional, medical, dental, or personal services. High-traffic location near the I-15 positions this commercial asset as a strong option for both investors and owner-users looking for office space in Payson. Addresses: 757 & 759 S 1040 W Payson, UT 84651. Tax IDs: 49-867-0202 & 49-867-0201. Please contact the listing agent for all questions and showing requests. Measurements provided as a courtesy only. Buyer to verify all information.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Building Size
12,212 SF
Building Class
B
Year Built
2017
Price
$2,999,999
Price Per SF
$245.66
Cap Rate
2.40%
NOI
$71,880
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,106 SF
Building FAR
2.00
Lot Size
0.14 AC
Zoning
S-1 - Addresses: 757 & 759 S 1040 W Payson, UT 84651. Tax IDs: 49-867-0202 & 49-867-0201.
Parking
28 Spaces (2.29 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Storage Space
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Professional Dental
- Health Care and Social Assistance
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Professional Dental | Health Care and Social Assistance | 99,999 SF | - | - |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,236,700 | |
| Land Assessment | $202,400 | Total Assessment | $1,439,100 |
Property Taxes
Parcel Numbers
Land Assessment
$202,400
Improvements Assessment
$1,236,700
Total Assessment
$1,439,100
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Payson Professional Offices | 759 S 1040 W
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