Remarks

We are pleased to offer a unique investment opportunity, featuring a 3 suite, 25,852-square foot, Fully Leased single-story suburban medical office building 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: Occupied with an 5 year medical related tenant. 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

Details

MLS#: 2033647
Price: $7,450,000

Style: Office
Year Built: 1975

Tax Fee: 35888