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$ 7,450,000
2 Acres Lot
$ 7,450,000
2 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Rent
MLS Listing ID 2033647
Construction Status Blt./Standing
HOA Y/N No
Year Built 1975
Annual Tax Amount $35,888
Lot Size 2.000 Acres
Acres 2.0
Lot Dimensions 0.0x0.0x0.0
Property Description
We are pleased to offer a uniquely beneficial owner-user or investment opportunity, featuring a 3 suite, 25,852-square foot, single-story suburban medical office building with two absolute net tenant leases, plus an owner-user suite, available in the heart of the Salt Lake Valley. 6.1% CAP on in-place income. 8.43% CAP pro forma. Strategically located just off Interstate-15, the property benefits from high visibility thanks to 200,000+ vehicles daily passing by the LED signage visible from the Interstate. Additionally, the property is just minutes away from the Intermountain Medical Center-a flagship 100-acre, 500+ bed, Level I trauma center that serves as a referral hub for six surrounding states and over 75 regional healthcare institutions. Superb, Central Location Immediate Interstate and Hospital Access Electronic LED pole signage visible from Interstate-15. Suite A occupied by a synergistic long-established medical family practice tenant with first three (3) years rent pre-paid of five (5) year initial term. Suite B: Prime divisible 10,920 RSF with four egress points available for owner-user at effective $58/SF shell cost. Suite C: Long-term tenant, national credit, absolute net leased ambulatory surgical center with Medicare Deemed Status Accreditation. Renovated in 2023, 2021, 2018, 2015, 2014
Location
State UT
County Salt Lake
Area Murray; Taylorsvl; Midvale
Interior
Fireplace No
Exterior
View Y/N No
Present Use Office
Private Pool false
Building
Faces East
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 21-13-127-016
Listed by Colliers International LLC (WASATCH)