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1st Floor - Unit B3-B4
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Office
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1,688 SF
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$391,617 USD
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Unit Size: 1,688 SF
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Condo Use: Office
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Price: $391,617 USD
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Sale Type: Investment
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Price/SF: $232.00 USD
Description
This 1,688 - 7,128 SF office condo investment presents a rare opportunity to acquire a fully leased commercial office condo with substantial upside in the thriving Midvale, Utah market. With a longstanding and reliable tenant in place, the property generates stable income while offering significant upside potential through both appreciation and rent growth, as the current lease rate is below market.
Sale Notes
NNN lease with management in place.
Cap rate is on existing income, which is below market.
Condos can be taken in increments of 1,688 SF - 7,128 SF.
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2nd Floor - Unit B3-4,13-16
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Office
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7,128 SF
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$1,655,889 USD
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Unit Size: 7,128 SF
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Condo Use: Office
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Price: $1,655,889 USD
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Sale Type: Investment
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Price/SF: $232.31 USD
Description
This 1,688 - 7,128 SF office condo investment presents a rare opportunity to acquire a fully leased commercial office condo with substantial upside in the thriving Midvale, Utah market. With a longstanding and reliable tenant in place, the property generates stable income while offering significant upside potential through both appreciation and rent growth, as the current lease rate is below market.
Sale Notes
NNN lease with management in place.
Cap rate is on existing income, which is below market.
Condos can be taken in increments of 1,688 SF - 7,128 SF.
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James Mack
Newmark Mountain West
