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Payson Professional Offices 759 S 1040 W 12,212 SF 50% Leased Office Building Payson, UT 84651 $4,150,168 CAD ($339.84 CAD/SF) 2.40% Cap Rate



INVESTMENT HIGHLIGHTS
- Great Location
EXECUTIVE SUMMARY
Prime Payson commercial property just off I-15 and 800 South, offering two professional office spaces with strong visibility and easy access for clients and employees. Each unit is approximately 3,053 sq ft, plus a matching 3,053 sq ft unfinished basement ideal for storage, future build-out, or additional office spaces. One unit is leased to an established dental office at $8,000/month rent plus $1,000/month CAM with approximately 7 years remaining on the lease, providing immediate income. The adjacent unit is currently vacant and previously leased at $8,000/month, with potential to increase rates in today's market and multiple parties expressing interest. Flexible layout and zoning support a variety of uses, including professional, medical, dental, or personal services. High-traffic location near the I-15 positions this commercial asset as a strong option for both investors and owner-users looking for office space in Payson. Addresses: 757 & 759 S 1040 W Payson, UT 84651. Tax IDs: 49-867-0202 & 49-867-0201. Please contact the listing agent for all questions and showing requests. Measurements provided as a courtesy only. Buyer to verify all information.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Building Size
12,212 SF
Building Class
B
Year Built
2017
Price
$4,150,168 CAD
Price Per SF
$339.84 CAD
Cap Rate
2.40%
NOI
$99,438 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,106 SF
Building FAR
2.00
Lot Size
0.14 AC
Zoning
S-1 - Addresses: 757 & 759 S 1040 W Payson, UT 84651. Tax IDs: 49-867-0202 & 49-867-0201.
Parking
28 Spaces (2.29 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Storage Space
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Professional Dental
- Health Care and Social Assistance
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Professional Dental | Health Care and Social Assistance | 99,999 SF | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Floor
- 3,052 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 3,052 SF | Office | - | Now |
1st Floor
| Size |
| 3,052 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,453,719 CAD | |
| Land Assessment | $419,997 CAD | Total Assessment | $2,873,716 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$419,997 CAD
Improvements Assessment
$2,453,719 CAD
Total Assessment
$2,873,716 CAD
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Payson Professional Offices | 759 S 1040 W
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