7676 S State St - Light Manufacturing FOR SALE


Midvale, UT 84047
$6,350,000 USD
801-879-7870
7676 S State St, Midvale, UT for Sale
$6,350,000 USD
Light Manufacturing - FOR SALE
1/3
null | Request Cap Rate

7676 S State St
Midvale, UT 84047


HIGHLIGHTS

  • This investment opportunity features four commercial buildings situated on two parcels, totaling 1.29 acres.

OVERVIEW

This investment opportunity features four commercial buildings situated on two parcels, totaling 1.29 acres. Two of the buildings are flex-style structures encompassing 40 individual units, which offer the the flexibility to be combined to accommodate current or future tenant expansion needs--an attractive feature for growing businesses. The remaining two buildings include a single-family residence and a fully renovated retail space, now equipped for a restaurant use including a brand new hood, grease trap, restrooms, flooring, lighting, etc. The restaurant building includes a newly executed 5-year lease. The asset provides immediate in-place cash flow with a current cap rate of approximately 6.3%, with strong upside potential through rent escalations or repositioning strategies. Sale price: $6,350,000 Property details: Total Size: 21,075 SF Restaurant : 3,430 SF Residential: 2,936 SF Warehouse E: 10,808 SF Warehouse W: 3,900 SF

FOR SALE DETAILS

PRICE

$6,350,000 USD

PRICE/SF

$301 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Centennial Plaza

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

18

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.29

LAND SF

56,042

ZONING

ROD

APN/PARCEL ID

21-25-479-019-0000,22-30-351-013-0000

ASK ABOUT THIS PROPERTY

Chris MetosInterNet Properties, Inc.More Info
801-879-7870

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

Chris MetosInterNet Properties, Inc.More Info
801-879-7870

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