State of Utah Office Investment
Office | 6.78% CAP | 9,140 SqFt
Marketing description
The State of Utah has been a Tenant since 2005 and signed a five (5) year renewal in August of 2025. Help Hands, which occupies a small portion of the building, has just over a year left of the lease with well below market rents. With a strong long-term tenancy providing stable cash flow and below-market rents, this property offers a compelling opportunity for stability and potential for future income growth.
Investment highlights
Asking Price $1,950,000.00
CAP Rate 6.78%
NOI $132,150.00
Total Building Size 9,140 SF
Product Type Office Building
Tenancy 100% Occupied - Multi-Tenant
Suite 101 - 7,290 SF Tenant | State of Utah
Occupied since July 2005
Lease Exp. 7/31/2030
Suite 102 - 1,850 SF Tenant | Helping Hands
Occupied since October 2014
Lease Exp. 9/30/2027
Site Size 1.06 AC
Year Built 2005
Construction Type Wood Frame with Brick Veneer
Zoning C-2, Taylorsville City
APN # 21.17.227.012
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