Skip To Content
    Return to Previous Page

    1005 Ft Union S

    Midvale, UT 84047
    • $499,000
    • STATUS: Active
    • ON SITE: 261 days
    • ID#: 1660230
    UPDATED: 25 min ago
    $499,000
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1984
    County:

    School Ratings & Info

    Description

    Leased investment Property in High Traffic location. Tenant pays all expenses except ground lease payment. Great solid tenant - very clean retail space and operation. 4 years remaining on the lease with a 5 year option to renew. Gross Income = $ 43,517 Expense (ground lease) = $8,400 NOI=$35,117. Lease has 3% annual increases - Property is on a ground lease with 50 years remaining and fixed lease rate. Do Not Disturb Tenants

    Monthly Payment Calculator



    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2020-11-28T16:35:47.157. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
    www.viewhomesutah.com/homes/104075051
    Print Image

    1005 Ft Union S Midvale, UT 84047

    • Price: $499,000
    • Status: Active
    • Updated: 25 min ago
    • ID#: 1660230
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    1984
    Built
    Neighborhood:
    Murray; Taylorsvl; Midvale
    County:
    Salt Lake
    Area:
    Murray; Taylorsvl; Midvale
    Property Description
    Leased investment Property in High Traffic location. Tenant pays all expenses except ground lease payment. Great solid tenant - very clean retail space and operation. 4 years remaining on the lease with a 5 year option to renew. Gross Income = $ 43,517 Expense (ground lease) = $8,400 NOI=$35,117. Lease has 3% annual increases - Property is on a ground lease with 50 years remaining and fixed lease rate. Do Not Disturb Tenants
    Exterior Features

    Length In Feet Of Back Of Property 0.0 Length In Feet Of Front Of Property 0.0 Length In Feet Of Side Of Property 0.0

    Property Features

    Capitalization Rate 7.03 Commercial Property Type Retail Gross Scheduled Income 43517 Lease Terms From 1800-01-01 Lease Terms To 1800-01-01 Net Operating Income 35117 Owner Type Property Owner Sublease From 1800-01-01 Sublease To 1800-01-01 Taxes 7654 Zoning Code Rc

    Listing provided courtesy of Windermere Real Estate-Utah (Salt Lake Branch). Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2020 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2020-11-28T16:35:47.157. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
     
    https://bt-photos.global.ssl.fastly.net/wasatch/orig_boomver_1_1660230-2.jpg https://bt-photos.global.ssl.fastly.net/wasatch/orig_boomver_1_1660230-2.jpg https://bt-photos.global.ssl.fastly.net/wasatch/orig_boomver_1_1660230-2.jpg
    Logo
    Gurr Real Estate
    1220 E 7800 S
    Sandy UT, 84094