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Jerome Bennett

jerome@utahhomelistings.com +1(801) 913-1385

$3,500,000

Est. payment - /mo

0.58 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2077662

Construction Status Blt./Standing

HOA Y/N No

Year Built 1985

Annual Tax Amount $989

Lot Size 0.580 Acres

Acres 0.58

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Office

Property Description

This 2-story, 10,282 SF office building is designed to support a productive and professional workplace. With a combination of private offices, open work areas, and essential amenities, it caters to diverse business needs. Whether you're a growing company or an established firm, this space provides the flexibility and features necessary for success. Spacious and welcoming open reception area, ideal for greeting clients and visitors. 3 well-appointed board rooms, perfect for meetings and presentations. 25 private offices offering privacy and space for focused work. Comfortable break room for employees to relax and recharge. Open bull pen areas with cubicles, fostering collaboration and teamwork. Ample natural light throughout the building, creating a bright and inviting work environment. Partially furnished, allowing for immediate occupancy with minimal setup. Well-maintained property, ensuring a professional appearance and smooth operation. Ample parking available for employees and visitors. Existing Lease Information: Base Rent: $15,423.00/Month ($18 SF/YR) All Utilities in Tenant's Name (Including Tax & Insurance) Annual Base Rent Increases: 2.5% Current NOI: $185,600.00 CAP Rate: 5.29% Escalating to 6.6% Rooms: 30 Single Tenant Lease Term: 123 Months Lease Start Date: 12/1/2024 Lease End Date: 1/31/2035 Currently, there is a cross access easement over the church owned lot to the west for additional parking as well as overflow parking for the church on the subject property on Sundays. The subject property lot is a .58-acre lot with future development potential after the long term lease in place expires. The offering includes a 10-year lease with 2.5% annual escalations in place with a will known law firm, along with the future opportunity for the church to free up the parking overlay unlocking a higher and better future use.

Location

State UT

County Salt Lake

Area Murray; Taylorsvl; Midvale

Zoning Commercial

Interior

Interior Features Alarm: Fire, Restroom: Private

Heating Forced Air

Cooling Central Air

Fireplace false

Exterior

Exterior Feature Paved Parking

View Y/N No

Roof Type PVC

Present Use Office

Private Pool false

Building

New Construction No

Construction Status Blt./Standing

Others

Senior Community No

Tax ID 22-05-105-010

Ownership Agent Owned

Horse Property Yes

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Listed by Investment Realty Advisors LLC

Nearby School & Business

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Jerome Bennett

+1(801) 913-1385

Principal Broker | License ID: 5451352-PB00

Principal Broker License ID: 5451352-PB00

4252 S 700 E Murray, UT 84107

Jerome Bennett

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information