For Sale
$2,138,400

623 Fort Union BlvdMidvale, UT 84047

7,128 SF Executive Office, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 7,128 square foot executive office building located at 623 Fort Union Blvd, Midvale, UT 84047. The property boasts a strong net operating income (NOI) of $107,632.80, translating to a desirable 5.03% capitalization rate. Priced at $2,138,400, this translates to $300 per square foot. The building consists of multiple units, specifically six units with APNs: 22-30-232-024-0000, 22-30-232-025-0000, 22-30-232-026-0000, 22-30-232-027-0000, 22-30-232-019-0000, and 22-30-232-020-0000. Situated in the vibrant and rapidly growing community of Midvale, within Salt Lake County, this property offers a compelling investment prospect in a thriving business climate. The strong tenant in place contributes to the property's consistent income stream and makes it an attractive addition to any commercial real estate portfolio. This prime Midvale location ensures easy access and high visibility, making it an ideal investment for discerning buyers seeking a stable and profitable asset.

Highlights

  • $2,138,400 asking price for this Midvale, UT office condo.
  • 7,128 square feet of executive office space.
  • $300 per square foot price.
  • 5.03% cap rate.
  • $107,632.80 Net Operating Income (NOI).

Property Details for 623 Fort Union Blvd

Property type
Office properties
Square Feet
7,128 SF
Units
623

Location Insight

City
Midvale
County
Salt Lake
State
Utah
Latitude
40.6220223
Longitude
-111.8739061
623 Fort Union Blvd, Midvale, Utah

FAQs

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623 Fort Union Blvd
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