$1,670,000
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0.4 Acres Lot
SOLD DATE : 07/31/2024
Key Details
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Subdivision Plat A South Valley
MLS Listing ID 1989279
Sold Date 07/31/24
Construction Status Blt./Standing
HOA Y/N No
Year Built 2014
Annual Tax Amount $12,188
Lot Size 0.400 Acres
Acres 0.4
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Office
Property Description
Rare South County Medical Space. Like New with modern finishes. This is a Triple Net investment Property consisting of 3 adjacent Office Condominium Units with Long term lease in place (currently year 6 of 10). Yearly rental income $11,149. Tenant pays tax, insurance, & CAM fees. Lease increases 2% per year. CAP Rate 8%. Good traffic exposure to 400 South Springville and lots of parking.
Location
State UT
County Utah
Area Provo; Mamth; Springville
Interior
Fireplace false
Exterior
View Y/N No
Present Use Office
Private Pool false
Building
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 66-458-0011
Horse Property No
Financing Cash
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Bought with NON-MLS