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3280 W 3500 S 1,776 SF Office Building West Valley, UT 84119 $689,630 CAD ($388.31 CAD/SF) 7.55% Cap Rate
Investment Highlights
- Near Triple Net Lease
- Fantastic Investment!
- Rent increase built into rent through 2029
Executive Summary
A fantastic investment opportunity!
The tenant is a daycare with a lease for the next 3 years.
Rent is currently at $3,400 but increasing to $3,600 in 2027 and $3,800 in 2028. That means at the list price the CAP rate will reach 8.5% within 2 years!
The tenant is stable, has made significant investments into the property and expects to stay for many years.
The owner only pays property tax with the tenant covering all other expenses, bills, and repairs.
The solid brick building has been remodeled for the daycare business to use both suites. But could be divided again in the future.
There is plenty of parking available for the tenant and customers.
Also, there is a 4 car garage on the property that has been converted to individual storage bays.
The tenant is a daycare with a lease for the next 3 years.
Rent is currently at $3,400 but increasing to $3,600 in 2027 and $3,800 in 2028. That means at the list price the CAP rate will reach 8.5% within 2 years!
The tenant is stable, has made significant investments into the property and expects to stay for many years.
The owner only pays property tax with the tenant covering all other expenses, bills, and repairs.
The solid brick building has been remodeled for the daycare business to use both suites. But could be divided again in the future.
There is plenty of parking available for the tenant and customers.
Also, there is a 4 car garage on the property that has been converted to individual storage bays.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
1,776 SF
Building Class
C
Year Built
1971
Price
$689,630 CAD
Price Per SF
$388.31 CAD
Cap Rate
7.55%
NOI
$52,056 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,776 SF
Building FAR
0.15
Lot Size
0.28 AC
Zoning
C-2
Parking
36 Spaces (20.27 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Amaana Childcare Academy
- Educational Services
-
99,999 SF
-
$9.99
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Amaana Childcare Academy | Educational Services | 99,999 SF | $9.99 | Jan 0000 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Total Assessment | $459,294 CAD (2025) | |
| Land Assessment | $281,093 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $178,200 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$281,093 CAD (2025)
Improvements Assessment
$178,200 CAD (2025)
Total Assessment
$459,294 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Presented by
Utah First Realty
3280 W 3500 S
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