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$ 3,500,000
Est. payment /mo
Active
4252 S 700 E Murray, UT 84107
0.58 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2077662
Construction Status Blt./Standing
HOA Y/N No
Year Built 1985
Annual Tax Amount $989
Lot Size 0.580 Acres
Acres 0.58
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Office
Property Description
This 2-story, 10,282 SF office building is designed to support a productive and professional workplace. With a combination of private offices, open work areas, and essential amenities, it caters to diverse business needs. Whether you're a growing company or an established firm, this space provides the flexibility and features necessary for success. Spacious and welcoming open reception area, ideal for greeting clients and visitors. 3 well-appointed board rooms, perfect for meetings and presentations. 25 private offices offering privacy and space for focused work. Comfortable break room for employees to relax and recharge. Open bull pen areas with cubicles, fostering collaboration and teamwork. Ample natural light throughout the building, creating a bright and inviting work environment. Partially furnished, allowing for immediate occupancy with minimal setup. Well-maintained property, ensuring a professional appearance and smooth operation. Ample parking available for employees and visitors. Existing Lease Information: Base Rent: $15,423.00/Month ($18 SF/YR) All Utilities in Tenant's Name (Including Tax & Insurance) Annual Base Rent Increases: 2.5% Current NOI: $185,600.00 CAP Rate: 5.29% Escalating to 6.6% Rooms: 30 Single Tenant Lease Term: 123 Months Lease Start Date: 12/1/2024 Lease End Date: 1/31/2035 Currently, there is a cross access easement over the church owned lot to the west for additional parking as well as overflow parking for the church on the subject property on Sundays. The subject property lot is a .58-acre lot with future development potential after the long term lease in place expires. The offering includes a 10-year lease with 2.5% annual escalations in place with a will known law firm, along with the future opportunity for the church to free up the parking overlay unlocking a higher and better future use.
Location
State UT
County Salt Lake
Area Murray; Taylorsvl; Midvale
Zoning Commercial
Interior
Interior Features Alarm: Fire, Restroom: Private
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Exterior Feature Paved Parking
View Y/N No
Roof Type PVC
Present Use Office
Private Pool No
Building
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 22-05-105-010
Listed by Investment Realty Advisors LLC
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