For Sale
$1,767,700

86 1250 Centerville, UT 84087

High-return Utah flex space investment.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional Class A, 4,446 square foot industrial flex space in Centerville, Utah (86 S 1250 W, Woods Cross, UT 84087), presents a compelling investment opportunity. The property, built in 2001 and renovated in 2015, boasts a 100% occupancy rate with a corporate-guaranteed, single tenant under a NNN lease with 1.4 years remaining (commencing April 1, 2021, and expiring March 31, 2026). The lease includes three options and annual rent bumps of 3%. The property features two dock-high doors, an 18-foot ceiling height, and ample parking (50 spaces). The 0.769-acre lot includes a large, fenced outdoor storage area. Recent improvements include a brand new roof installed in June 2023. Interior finishes are attractive, including pine trim in the office area. The property's strong financial performance is reflected in its current NOI of $132,577 and a 7.50% cap rate. The asking price is $1,767,700, representing a price per square foot of $397.59. This stabilized investment, zoned C-2, offers a secure and profitable opportunity in a growing commercial area. The tenant has occupied the space since 2009.

Highlights

  • Class A, 4,446 SF industrial flex space in Centerville, UT (Woods Cross).
  • Built in 2001, renovated in 2015, with a new roof (June 2023).
  • 100% occupancy with a corporate-guaranteed NNN lease (3 years remaining, 3% annual rent bumps, 3 options).
  • Features two dock-high doors, 18' ceilings, 50 parking spaces, and a large fenced outdoor storage area on a 0.769-acre lot.
  • Current NOI of $132,577, 7.50% cap rate, asking price $1,767,700 ($397.59/SF).

Property Details for 86 1250

Property type
Warehouses, Industrial properties
Square Feet
4,446 SF
Class
A
Year Built/Renovated
2001/2015
Buildings
1
Stories
1
Lot Size (sq. ft)
33,498 SF
Units
1

Location Insight

City
Centerville
County
Davis
State
Utah
Latitude
40.916369014506
Longitude
-111.89703618035

FAQs

What type of property is this?
Warehouse - High-return Utah flex space investment.
Where is the warehouse located?
The property is located at 86 1250 Centerville, UT.
What is the asking price?
The asking price for this property is $1,767,700.
What are key features of this property?
This property features: Class A, 4,446 SF industrial flex space in Centerville, UT (Woods Cross).; Built in 2001, renovated in 2015, with a new roof (June 2023).; 100% occupancy with a corporate-guaranteed NNN lease (3 years remaining, 3% annual rent bumps, 3 options).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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86 1250
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