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Foxridge 560 S Main St 6,079 SF 100% Leased 4-Star Office Building Springville, UT 84663 $2,791,839 CAD ($459.26 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Turnkey
- New
- Highly Visible
EXECUTIVE SUMMARY
Beautiful building in the Foxridge development in Springville. Two office condos and 4 residential condos on top. Office condos have one long term tenant and the owner will lease back his office after the sale. The 4 residential leases all have tenants paying about 1435 a month. As turnkey as turnkey gets.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$151,044
|
$24.85
|
| Other Income |
$154
|
$0.03
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$151,198
|
$24.87
|
| Taxes |
$13,129
|
$2.16
|
| Operating Expenses |
$5,584
|
$0.92
|
| Total Expenses |
$18,712
|
$3.08
|
| Net Operating Income |
$132,485
|
$21.79
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $151,044 |
| Annual Per SF | $24.85 |
| Other Income (CAD) | |
|---|---|
| Annual | $154 |
| Annual Per SF | $0.03 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $151,198 |
| Annual Per SF | $24.87 |
| Taxes (CAD) | |
|---|---|
| Annual | $13,129 |
| Annual Per SF | $2.16 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $5,584 |
| Annual Per SF | $0.92 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $18,712 |
| Annual Per SF | $3.08 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $132,485 |
| Annual Per SF | $21.79 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Office/Residential
Building Size
6,079 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2022
Price
$2,791,839 CAD
Price Per SF
$459.26 CAD
Cap Rate
5%
NOI
$139,592 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,026 SF
Building FAR
0.30
Lot Size
0.47 AC
Zoning
C - Commercial/Multifamily
Parking
8 Spaces (1.32 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Storage Space
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Edward Jones Financial
- Finance and Insurance
- -
- -
- Apr 2029
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Edward Jones Financial | Finance and Insurance | - | - | Apr 2029 |
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 39-313-0001 | Total Assessment | $1,406,602 CAD (2025) |
| Land Assessment | $479,843 CAD (2025) | Annual Taxes | $13,129 CAD ($2.16 CAD/SF) |
| Improvements Assessment | $1,408,671 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
39-313-0001
Land Assessment
$479,843 CAD (2025)
Improvements Assessment
$1,408,671 CAD (2025)
Total Assessment
$1,406,602 CAD (2025)
Annual Taxes
$13,129 CAD ($2.16 CAD/SF)
Tax Year
2024
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VIDEOS
MATTERPORT 3D EXTERIOR
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PHOTOS
STREET VIEW
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Presented by
The Blackstone Property Group
Foxridge | 560 S Main St
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