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672 W 400 S , B203

Springville, UT 84663
  • $1,670,000
  • STATUS: Active
  • ON SITE: 50 Days
  • ID#: 1989279
UPDATED: 42 min ago
$1,670,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2014
County:

School Ratings & Info

Description

Rare South County Medical Space. Like New with modern finishes. This is a Triple Net investment Property consisting of 3 adjacent Office Condominium Units with Long term lease in place (currently year 6 of 10). Yearly rental income $11,149. Tenant pays tax, insurance, & CAM fees. Lease increases 2% per year. CAP Rate 8%. Good traffic exposure to 400 South Springville and lots of parking.

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Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-05-22T09:41:34.31. 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/149072173
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672 W 400 S , B203 Springville, UT 84663

  • Price: $1,670,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 42 min ago
  • ID#: 1989279
0
Beds
0
Baths
0
½ Baths
0.4
Acres
2014
Built
Neighborhood:
Plat A South Valley
County:
Utah
Area:
Provo; Mamth; Springville
Property Description
Rare South County Medical Space. Like New with modern finishes. This is a Triple Net investment Property consisting of 3 adjacent Office Condominium Units with Long term lease in place (currently year 6 of 10). Yearly rental income $11,149. Tenant pays tax, insurance, & CAM fees. Lease increases 2% per year. CAP Rate 8%. Good traffic exposure to 400 South Springville and lots of parking.
Exterior Features

Attached Garage YN No Carport YN No Construction Status Blt./Standing Covered Spaces 0 Frontage Length 0.0 Garage YN No Horse Property YN No Lot Size Dimensions 0.0x0.0x0.0 Mobile Length 0 Mobile Width 0 Open Parking YN No Parking Total 0 Pool Private YN No Spa YN No View YN No Waterfront YN No

Interior Features

Bathrooms Partial 0 Cooling YN No Fireplace YN No Heating YN False Rooms Total 0

Property Features

Association YN No Cross Street 400 Current Use Office Lease Considered YN No New Construction YN No Property Attached YN No Property Condition Blt./Standing Property Sub Type Office Senior Community YN No Tax Annual Amount 12188

Listing provided courtesy of Interstate Realty Brokers: 801-201-3014. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2024 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-05-22T09:41:34.31. 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.
 
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Gurr Real Estate
4548 S Atherton Dr., Suite 220
Salt Lake City UT, 84123