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7676 S State St
Midvale, UT 84047
Flex Property For Sale
Investment Highlights
- This investment opportunity features four commercial buildings situated on two parcels, totaling 1.29 acres.
Executive Summary
This investment opportunity features four commercial buildings situated on two parcels, totaling 1.29 acres. Two of the buildings are flex-style structures encompassing 40 individual units, which offer the the flexibility to be combined to accommodate current or future tenant expansion needs--an attractive feature for growing businesses. The remaining two buildings include a single-family residence and a fully renovated retail space, now equipped for a restaurant use including a brand new hood, grease trap, restrooms, flooring, lighting, etc. The restaurant building includes a newly executed 5-year lease. The asset provides immediate in-place cash flow with a current cap rate of approximately 6.3%, with strong upside potential through rent escalations or repositioning strategies.
Sale price:
$6,350,000
Property details:
Total Size: 21,075 SF
Restaurant : 3,430 SF
Residential: 2,936 SF
Warehouse E: 10,808 SF
Warehouse W: 3,900 SF
Sale price:
$6,350,000
Property details:
Total Size: 21,075 SF
Restaurant : 3,430 SF
Residential: 2,936 SF
Warehouse E: 10,808 SF
Warehouse W: 3,900 SF
Property Facts
| Sale Type | Investment | Rentable Building Area | 21,075 SF |
| Property Type | Flex | No. Stories | 1 |
| Property Subtype | Light Manufacturing | Year Built | 1976 |
| Building Class | C | Parking Ratio | 0.57/1,000 SF |
| Lot Size | 1.29 AC | No. Drive In / Grade-Level Doors | 18 |
| Zoning | ROD - ROD Zoning | ||
| Sale Type | Investment |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 1.29 AC |
| Rentable Building Area | 21,075 SF |
| No. Stories | 1 |
| Year Built | 1976 |
| Parking Ratio | 0.57/1,000 SF |
| No. Drive In / Grade-Level Doors | 18 |
| Zoning | ROD - ROD Zoning |
Amenities
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,379,664 CAD | |
| Land Assessment | $1,573,408 CAD | Total Assessment | $3,953,072 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,573,408 CAD
Improvements Assessment
$2,379,664 CAD
Total Assessment
$3,953,072 CAD
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