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1st Floor - Unit 6714
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Flex
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1,800 SF
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$975,000 USD
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Unit Size: 1,800 SF
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Condo Use: Flex
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Price: $975,000 USD
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Sale Type: Investment
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Price/SF: $541.67 USD
Sale Notes
Amazing investment opportunity. 6.15% Cap Rate. This unit has a newly signed 5 Year Term Lease that ends Sept 2029. Lease is NNN and Year one NOI is $60,000 with 3% annual rate increases. Perfect investment opportunity with almost zero landlord responsibilities. Renovated pictures toward the end are of a different unit and are visual representations of what the end product will look like only once the remodeling is completed. Additional unit #6718 is also for sale as an owner/user property and can be purchased together for $1,950,000. See MLS #1984931 for more details on that unit.
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1st Floor - Unit 6718
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Flex
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3,824 SF
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$975,000 USD
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Unit Size: 3,824 SF
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Condo Use: Flex
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Price: $975,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $254.97 USD
Description
Perfect Industrial Flex space in the heart of West Jordan. For Sale or For Lease. Lease Rate is $1.25PSF NNN. Owner willing to sign a 5 year Lease at closing for buyer. Unit has two units so BUyer could occupy a portion of the space and lease out the rest to help cover the payments. They units are about 1,800 SF & 2,000 SF respectively. Office area, shop space, storage, 2 bathrooms, warehouse, and a large open second level. Brand new flooring, paint, lighting. 12x12 Garage Door. 18' Clear Height. Heating in Warehouse and Heating and cooling in Office area. Lease the entre 3800SF space or as low as 1800SF if you don't need that much space. Excellent location right on Airport Rd. These units are perfect for a growing business! See Flyer in Attached Documents for more details.
Sale Notes
Perfect Industrial Flex space in the heart of West Jordan. For Sale or For Lease. Lease Rate is $1.25PSF NNN. Owner willing to sign a 5 year Lease at closing for buyer. Unit has two units so BUyer could occupy a portion of the space and lease out the rest to help cover the payments. They units are about 1,800 SF & 2,000 SF respectively. Office area, shop space, storage, 2 bathrooms, warehouse, and a large open second level. Brand new flooring, paint, lighting. 12x12 Garage Door. 18' Clear Height. Heating in Warehouse and Heating and cooling in Office area. Lease the entre 3800SF space or as low as 1800SF if you don't need that much space. Excellent location right on Airport Rd. These units are perfect for a growing business! See Flyer in Attached Documents for more details.
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Scott Babcock
Millbrook Real Estate Services
