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1528 N Commerce Dr - WIC Condo - Investment Sale 2,127 SF Medical Condo Unit Offered at $1,376,175 CAD in Saratoga Springs, UT 84045
Investment Highlights
- 6% Cap Rate
- Annual Net Cash Flow of $59,950 with 3% annual increases
- REDUCED $999,038 Sale Price
Executive Summary
100% leased. 2,127 SF. Long term lease in place with Utah County's WIC program. Perfect for an investor to purchase and allow rents to increase at 3% per year for another 7+ years.
1 Unit Available
Unit 204
| Unit Size | 2,127 SF | Cap Rate | 6.00% |
| Price | $1,376,175 CAD | NOI | $82,570.49 CAD |
| Price Per SF | $647.00 CAD | Sale Conditions | 1031 Exchange |
| Condo Use | Medical | APN/Parcel ID | 66:320:0204 |
| Sale Type | Investment |
| Unit Size | 2,127 SF |
| Price | $1,376,175 CAD |
| Price Per SF | $647.00 CAD |
| Condo Use | Medical |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| NOI | $82,570.49 CAD |
| Sale Conditions | 1031 Exchange |
| APN/Parcel ID | 66:320:0204 |
Description
Investment sale of a medical suite in Saratoga Springs. Office is 2,127 RSF (2,044 USF). Currently occupied by WIC of Utah County. 3% annual increases to rent.
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Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 19,000 SF | Floors | 2 |
| Property Type | Office (Condo) | Typical Floor Size | 9,500 SF |
| Property Subtype | Medical | Year Built | 2009 |
| Building Class | B | Lot Size | 1.45 AC |
| Zoning | RC - Regional Commercial Zoning | ||
| Total Building Size | 19,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 9,500 SF |
| Year Built | 2009 |
| Lot Size | 1.45 AC |
| Zoning | RC - Regional Commercial Zoning |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1528 N Commerce Dr - WIC Condo - Investment Sale
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