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Investment Sale 9075 S Riverside Dr 10,875 SF Flex Building Sandy, UT 84070 $2,550,000 ($234.48/SF) 8.53% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Excellent location off Interstate 15
  • Rare flexible zone for mixed industrial and commercial uses on 1.27 acres of land
  • Interior space has been completely updated with all new electrical, plumbing and interior improvements
  • Strong Net Cash Flow with no landlord responsibilities

EXECUTIVE SUMMARY

Property Highlights
• Triple Net Leased Investment to credit tenant
• Mixed use zone for industrial/office
• Complete interior renovation in 2020
• 2 Story, 10,875 SF
• 64 Parking Stalls situated on 1.26 acres
• New 3 Year Lease Term
• New surgical equipment installed demonstrating commitment for future growth and term.
• $217,440 NOI/8.5% capitalization rate
• Quick easy access from I-15

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $2,550,000
Price Per SF $234.48
Sale Type Investment
Cap Rate 8.53%
Sale Condition 1031 Exchange
Property Type Flex
Property Subtype
Flex Research & Development
  • Flex Light Manufacturing
  • Office Medical
  • FlexLight Distribution
Building Class B
Lot Size 1.26 AC
Rentable Building Area 10,875 SF
No. Stories 1
Year Built/Renovated 1988/2020
Tenancy Single
Parking Ratio 5.89/1,000 SF
Zoning Commercial - Multi-Use Commercial

AMENITIES

  • 24 Hour Access
  • Bio-Tech/ Lab Space
  • Air Conditioning

UTILITIES

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Electric

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
27-01-302-002-0000
Land Assessment
$1,138,900
Improvements Assessment
$1,247,600
Total Assessment
$2,386,500
  • Listing ID: 32084899

  • Date on Market: 6/10/2024

  • Last Updated:

  • Address: 9075 S Riverside Dr, Sandy, UT 84070

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