Centennial Plaza 7676 S State St 21,075 SF 100% Leased Flex Building Midvale, UT 84047 $6,350,000 ($301.30/SF) 6.29% Cap Rate

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