3280 W 3500 S - Medical FOR SALE


West Valley, UT 84119
$500,000 USD
801-636-0525
3280 W 3500 S, West Valley, UT for Sale
$500,000 USD
Medical - FOR SALE
1/20
null | 7.55% Cap Rate

3280 W 3500 S
West Valley, UT 84119


HIGHLIGHTS

  • Near Triple Net Lease
  • Rent increase built into rent through 2029
  • Fantastic Investment!

OVERVIEW

A fantastic investment opportunity! The tenant is a daycare with a lease for the next 3 years. Rent is currently at $3,400 but increasing to $3,600 in 2027 and $3,800 in 2028. That means at the list price the CAP rate will reach 8.5% within 2 years! The tenant is stable, has made significant investments into the property and expects to stay for many years. The owner only pays property tax with the tenant covering all other expenses, bills, and repairs. The solid brick building has been remodeled for the daycare business to use both suites. But could be divided again in the future. There is plenty of parking available for the tenant and customers. Also, there is a 4 car garage on the property that has been converted to individual storage bays.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

7.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

C-2

APN/PARCEL ID

15-29-480-017-0000,15-29-480-018-0000

ASK ABOUT THIS PROPERTY

Ron TaylorUtah First RealtyMore Info
801-636-0525

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Ron TaylorUtah First RealtyMore Info
801-636-0525

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.