1195 North Spring Creek Place
Industrial | 5,171 SqFt
Marketing description
• For Sale: $1.111.765 ($215 PSF)
• 7.54% cap rate factoring in 5% vacancy
• Lease rate: $6,463.75/month base rent
• NNN fees estimated at $1,137.62/month ($0.22 PSF)
• Suite E: 5,171 SF
• Beautifully landscaped
• 2 ground-level doors
• Abundant parking
• Owner/Agent
Investment highlights
Rare opportunity to acquire a high-quality flex/industrial condo in a prime Springville location. Located at 1195 N. Spring Creek Place in Springville, this premier flex/industrial condo offers a total of 5,171 SF in Suite E, thoughtfully designed with 2,256 SF of warehouse space, 1,590 SF of main floor office, and 1,325 SF of second-floor office. Priced at $1.111.765 ($215/SF), the property presents a strong investment opportunity with a 6.63% CAP rate (assuming 5% vacancy) with a current lease generating $6,463.75 per month in base rent ($1.25/SF NNN), plus estimated NNN fees of $1,137.62 per month ($0.22/SF). Built in 2007, the property features a shared outdoor dock-high loading area, two 12’ x 12’ roll-up doors, abundant parking, and attractive landscaping. With a tenant in place through September 30, 2026, this asset is ideal for an owner-user or investor seeking stable income in a high-quality, well-maintained industrial setting.
Recently Remodeled
Tenant Improvements Available
Locally Managed
Professionally Landscaped
Ample Parking
Easy Access to I-15
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