Property Facts Property Features Schools 165 days on UtahRealEstate.com

Property Facts

Days on URE 165
Status ACTIVE
MLS# 2033647
Property Type Office
Year Built 1975

We are pleased to offer a uniquely beneficial owner-user or investment opportunity, featuring a 3 suite, 25,852-square foot, single-story suburban medical office building with two absolute net tenant leases, plus an owner-user suite, available in the heart of the Salt Lake Valley. 6.1% CAP on in-place income. 8.43% CAP pro forma. Strategically located just off Interstate-15, the property benefits from high visibility thanks to 200,000+ vehicles daily passing by the LED signage visible from the Interstate. Additionally, the property is just minutes away from the Intermountain Medical Center-a flagship 100-acre, 500+ bed, Level I trauma center that serves as a referral hub for six surrounding states and over 75 regional healthcare institutions. Superb, Central Location • Immediate Interstate and Hospital Access • Electronic LED pole signage visible from Interstate-15. Suite A occupied by a synergistic long-established medical family practice tenant with first three (3) years rent pre-paid of five (5) year initial term. Suite B: Prime divisible 10,920 RSF with four egress points available for owner-user at effective $58/SF shell cost. • Suite C: Long-term tenant, national credit, absolute net leased ambulatory surgical center with Medicare Deemed Status Accreditation. • Renovated in 2023, 2021, 2018, 2015, 2014

Misc. Overview

Sub-Lease
No
Lease Type
Full Service Gross
Quadrant
SW
Building Class
B
Traffic Count
220000
Construction Status
Blt./Standing
Business Only, No Real Estate
No

Property Features

Office Features

Other Features

Property Size

Schools

Designated Schools

Elementary School
Middle School
High School
School District

Nearby Schools

School data provided by GreatSchools.

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Contact Agent

Jared  Booth
Jared Booth
801-573-5959

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Listing Broker

Colliers International LLC (WASATCH)
6440 South Millrock Dr
Suite 500
Salt Lake City, UT 84121
801-947-8300

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