For Sale
$305,100

613-623 Fort Union BlvdMidvale, UT 84047

High-Cap Office Space, 1,017 SF

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Midvale, Utah executive office building presents a compelling investment opportunity. Located at 613-623 E. Fort Union Blvd, 84047, this single-story property boasts 1,017 square feet of well-appointed office space. The asking price is $305,100, representing a price per square foot of $300. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $19,021, translating to an attractive 6.23% capitalization rate. This makes it an ideal investment for those seeking a solid return. Potential financing options include a $244,080 loan with a 7.125% annual interest rate, amortized over 25 years (300 payments) at a monthly payment of $1,744.62, assuming a 20% down payment of $61,020. The property is situated in Salt Lake County, Utah, offering convenient access to major transportation routes and amenities. This is a rare opportunity to acquire a high-performing executive office building in a desirable location. Serious inquiries are encouraged.

Highlights

  • Purchase Price: $305,100
  • 20% Down Payment: $61,020
  • Loan Amount: $244,080
  • 7.125% Annual Interest Rate
  • 25-Year Amortization
  • 300 Total Payments

Property Details for 613-623 Fort Union Blvd

Property type
Office properties
Square Feet
1,017 SF
Stories
1

Location Insight

City
Midvale
County
Salt Lake
State
Utah
Latitude
40.6211466
Longitude
-111.8738131
613-623 Fort Union Blvd, Midvale, Utah

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613-623 Fort Union Blvd
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