For Sale
Call for price

613-623 Fort Union BlvdMidvale, UT 84047

Prime Midvale location, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional two-story executive office building, located at 613-623 E. Fort Union Blvd in Midvale, Utah, 84047, presents a compelling investment opportunity. The property boasts a total of 20,864 square feet of well-maintained office space, currently priced at $300 per square foot, resulting in a purchase price of $1,008,600. A strong 6.00% capitalization rate and a Net Operating Income (NOI) of $59,705 demonstrate significant return potential. The building's financial projections include a 20% down payment of $201,720, a loan amount of $806,880, a 25-year amortization period, a 7.125% annual interest rate, and a monthly payment of $5,767.36. Situated in Salt Lake County, this property offers convenient access to major transportation routes and amenities. This is an ideal acquisition for investors seeking a stable, high-yield investment in a thriving Utah market. The property is for sale and offers a rare chance to acquire a well-established executive office building with a proven track record of profitability. Serious inquiries are encouraged.

Highlights

  • Purchase Price: $1,008,600
  • 20% Down Payment: $201,720
  • Loan Amount: $806,880
  • Annual Interest Rate: 7.125%
  • 25-Year Amortization; 300 Monthly Payments of $5,767.36

Property Details for 613-623 Fort Union Blvd

Property type
Office properties
Square Feet
20,864 SF
Stories
2

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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