For Sale
$890,000

2363 Hill Field RdLayton, UT 84041

Two-unit office building, prime Layton location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a two-unit, 4,037 square foot executive office building located at 2363 N Hill Field Rd, Layton, UT 84041. Built in 2006, this property consists of two units, currently fully leased, offering a strong cash flow. The asking price is $890,000, with a pro-forma NOI of $68,980 and a pro-forma cap rate of 7.75%. The property boasts a high-traffic location on Hill Field Road, experiencing an average annual daily traffic count of 26,000 vehicles. Annual operating expenses include a $10,080.72 association fee, $5,260 in property taxes, and $3,360 in utilities. This is an owner-user investment opportunity, with both units available for purchase together. The property's strong tenant base and desirable location make it an attractive investment for those seeking a stable and profitable asset in the Layton, Utah market. This is a rare opportunity to acquire a fully leased, two-unit office building in a high-demand area. The property's solid financials and prime location make it an ideal investment for both owner-users and investors seeking a strong return on investment.

Highlights

  • Exceptional investment opportunity: 4,037 SF, two-unit executive office building in Layton, UT.
  • Fully leased, generating a pro-forma NOI of $68,980 and a 7.75% cap rate. Asking price: $890,000.
  • High-traffic location on Hill Field Road (26,000 AADT).
  • 2006 construction; owner-user opportunity; both units available for purchase.
  • Annual operating expenses: $18,700.72 (includes HOA, taxes, and utilities).

Property Details for 2363 Hill Field Rd

Property type
Office properties
Square Feet
4,037 SF
Year Built
2006
Buildings
1
Stories
2
Units
2

Location Insight

City
Layton
County
Davis
State
Utah
Latitude
41.094761173794
Longitude
-111.97353016626
2363 Hill Field Rd, Layton, Utah

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2363 Hill Field Rd
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