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7676 S State St 21,075 SF 100% Leased Flex Building Midvale, UT 84047 $6,350,000 ($301.30/SF)
Investment Highlights
- This investment opportunity features four commercial buildings situated on two parcels, totaling 1.29 acres.
Executive Summary
This investment opportunity features four commercial buildings situated on two parcels, totaling 1.29 acres. Two of the buildings are flex-style structures encompassing 40 individual units, which offer the the flexibility to be combined to accommodate current or future tenant expansion needs--an attractive feature for growing businesses. The remaining two buildings include a single-family residence and a fully renovated retail space, now equipped for a restaurant use including a brand new hood, grease trap, restrooms, flooring, lighting, etc. The restaurant building includes a newly executed 5-year lease. The asset provides immediate in-place cash flow with a current cap rate of approximately 6.3%, with strong upside potential through rent escalations or repositioning strategies.
Sale price:
$6,350,000
Property details:
Total Size: 21,075 SF
Restaurant : 3,430 SF
Residential: 2,936 SF
Warehouse E: 10,808 SF
Warehouse W: 3,900 SF
Sale price:
$6,350,000
Property details:
Total Size: 21,075 SF
Restaurant : 3,430 SF
Residential: 2,936 SF
Warehouse E: 10,808 SF
Warehouse W: 3,900 SF
Property Facts
| Price | $6,350,000 | Lot Size | 1.29 AC |
| Price Per SF | $301.30 | Rentable Building Area | 21,075 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Flex | Year Built | 1976 |
| Property Subtype | Light Manufacturing | Parking Ratio | 0.57/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 18 |
| Zoning | ROD - ROD Zoning | ||
| Price | $6,350,000 |
| Price Per SF | $301.30 |
| Sale Type | Investment |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 1.29 AC |
| Rentable Building Area | 21,075 SF |
| No. Stories | 1 |
| Year Built | 1976 |
| Parking Ratio | 0.57/1,000 SF |
| No. Drive In / Grade-Level Doors | 18 |
| Zoning | ROD - ROD Zoning |
Amenities
- Signage
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,740,500 | |
| Land Assessment | $1,150,800 | Total Assessment | $2,891,300 |
Property Taxes
Parcel Numbers
Land Assessment
$1,150,800
Improvements Assessment
$1,740,500
Total Assessment
$2,891,300
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7676 S State St
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