Listed by Newmark Mountain West
$2,400,000
Parkway East
Details
Property Type Office
Sub Type Traditional Office
Square Footage 6,224
Cap Rate 5.50%
NOI $133,000
Occupancy 100%
Tenancy Multi
Pro-Forma NOI $140,000
Class A
Year Built 2015
Year Renovated 2016
Buildings 1
Stories 1
Acreage 0.660
Zoning CC
Investment Type Stabilized
Office | 6,224 SqFt
Marketing description
This is an investment sale opportunity featuring 6,224 square feet of professional space in Draper, Utah. The single story building has been recently remodeled and features two stable tenants with terms ending in 2031 and 2032 respectively. Located right off of I-15 with excellent proximity to restaurants, hotels, and IKEA, this property offers outstanding visibility and accessibility in a high-traffic area.
Investment highlights
- Investment Sale
- $133,000 NOI in year 1
- 5.5% Cap Rate
- $6.97/SF Op. Ex.
- 5.5 year WALT (weighted Average Lease Term)
- 6,224 SF
- 2 stable tenants
- Single Story Building
- Recent Remodels
- Right off of I-15
- Proximity to Restaurants, Hotels, IKEA
Listing Contacts
Listed by Newmark Mountain West
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$133,000.00
$11,083.33/mo
Valuation Metrics
0
DSCR
5.54%
Cap Rate
5.54%
ROI
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