Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1975
Sq.Footage
N/A
We are pleased to offer a unique investment opportunity, featuring a 3 suite, 25,852-square foot, Fully Leased single-story suburban medical office building 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: Occupied with an 5 year medical related tenant. 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
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
NO
-
Heating
None
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Size(acres)
2.0
-
Property Type
Commercial Sale
-
Property Sub Type
Office
Price
-
Sales Price
$7,450,000
-
Tax Amount
35888.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Senior Community YN
NO
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Location
County
Salt Lake
Elementary School
Middle School
High School
Listing Courtesy of Jared Booth , Colliers International LLC (Wasatch)
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Principal Broker
MicahPearson
Call Micah today to schedule a private showing.
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