7706 S Locust St 6,200 SF 100% Leased Office Building Midvale, UT 84047 $2,300,876 ($371.11/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% occupied building with billboard lease tenants
- Office, Shop, and yard
EXECUTIVE SUMMARY
4,200 SF Office Building
2,000 SF Shop Building
0.70 Acres Yard
Billboard With I-15 Visibility
Parking: 1.61/1,000 SF
Lower Level Office (Month to Month Lease)
2,100 SF Office
-5 Private Offices
-Reception Area
-Break Room
Upper Level/Yard:
2,100 SF Office
-5 Private Office
-Reception Area
-Break Room
YESCO Billboard Sign Lease:
$1,600 Per Month
2,000 SF Shop Building
0.70 Acres Yard
Billboard With I-15 Visibility
Parking: 1.61/1,000 SF
Lower Level Office (Month to Month Lease)
2,100 SF Office
-5 Private Offices
-Reception Area
-Break Room
Upper Level/Yard:
2,100 SF Office
-5 Private Office
-Reception Area
-Break Room
YESCO Billboard Sign Lease:
$1,600 Per Month
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,200 SF
Building Class
C
Year Built
1976
Price
$2,300,876
Price Per SF
$371.11
Cap Rate
6%
NOI
$138,053
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,100 SF
Building FAR
0.79
Lot Size
0.18 AC
Zoning
RC - Commercial
Parking
60 Spaces (9.68 Spaces per 1,000 SF Leased)
1 of 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 21-25-378-009-0000 | Improvements Assessment | $353,700 |
| Land Assessment | $213,500 | Total Assessment | $567,200 |
