4740 5250Vernal, UT 84078

This exceptional investment opportunity presents a 16,434-square-foot industrial property situated on a substantial 4.7-acre lot in Vernal, Utah. The property, built in 2009 and zoned I-1, comprises two buildings: a 9,400-square-foot warehouse with integrated office space and a 7,034-square-foot Quonset hut, offering versatile space for various industrial or commercial uses. Currently 100% occupied under a Net Lease agreement with a remaining term of approximately 0.9 years (expiring October 31, 2025), the property boasts a strong Net Operating Income (NOI) of $90,924, yielding a 7.58% cap rate. The asking price is $1,200,000, with a price per square foot of $73. The lease includes 2% annual rent bumps. Seller financing is available, with proposed terms including a 30% down payment, a 25-year amortization at 7.5% interest, and a 5+ year balloon payment. Monthly payments would be approximately $6,207.53, still generating positive cash flow. The seller is open to flexible financing terms and is willing to escrow 6-12 months of rent payments to mitigate risk upon lease renewal. This property, located at 4740 E, 5250 S, Vernal, UT 84078, presents a compelling investment opportunity with significant potential for future growth and return. The property features two units and has a strong tenant history since September 11, 2019.