1795 SIDEWINDER DR STE 100 BOX 9 Park City UT 84060

Property History

Property Type

Office

Marketing Description

CBRE, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in The Clayton Building (the “Property”), a Class “B” suburban office property located in Park City a part of the dynamic Salt Lake metropolitan area. Rare opportunity to purchase an office building in Park City with the option of keeping a tenant in-place for 3 years or utilizing entire building as an Owner/User.

Investment Highlights

5,300 SF available for Owner/User with the option to keep a 5,000 SF tenant in place for 3 years or to utilize the entire building themselves
Qualifies for an SBA 504 loan with a 90% LTV, 5% , interest rate, 25-year amortization and 25-year call
Debt service is equivalent to a $19.61 PSF NNN lease rate
Initial down payment of only $320,000 (Excluding purchase and loan costs)
Annual Principle Reduction (Year 1) of $59,383 and only 5.4 years to recoup initial equity investment through principle reduction
Tight office submarket with vacancy under 1% in Park City and 1.2% in Summit County
Highly desired location within the Prospector Square development
The Clayton Building is being offered without existing debt enabling an investor or Owner/User to take advantage of today's low interest rate environment.

Loan History

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Financial History

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Net Operating Income

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Reporting Date

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Tax History

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Contact Information

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