For Sale
$2,150,000

716 80 Ephraim, UT 84627

9,431 SF Flex Space, High NOI Potential

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 9,431 square foot fully leased flex space in Ephraim, Utah, located at 716 North 80 East, 84627. The property boasts a strong current NOI of $110,000, projected to increase to $180,000. The asking price is $2,150,000, translating to $227.97 per square foot. This multi-tenant property benefits from a modified lease structure. Adding significant value, plans are approved and entitled for an additional 7,194 square feet of development. The property's prime location in Ephraim, Utah, places it near established businesses such as Walmart, Arby's, Utah State Liquor Store, Tractor Supply, Tagg-N-Go, and Mountain America, indicating a thriving commercial environment. The existing building's full occupancy demonstrates strong market demand. The potential for expansion offers investors a unique opportunity to capitalize on the growth trajectory of Ephraim and the surrounding area, providing flexibility to meet evolving market needs. This property represents a compelling investment with substantial upside potential due to the approved expansion and strong existing tenant base. The property is situated in Sanpete County.

Highlights

  • $2,150,000 asking price for a 9,431 SF flex industrial property in Ephraim, UT.
  • Fully leased 9,431 SF building with approved plans for an additional 7,194 SF.
  • Strong tenant mix including Walmart, Arby's, Utah State Liquor Store, Tractor Supply, Tagg-N-Go, and Mountain America.
  • $110,000 current NOI, $180,000 pro-forma NOI.

Property Details for 716 80

Property type
Industrial properties, Flex space
Square Feet
9,431 SF

Location Insight

City
Ephraim
County
Sanpete
State
Utah
Latitude
39.372797974543
Longitude
-111.58541434131

FAQs

What type of property is this?
Industrial property - 9,431 SF Flex Space, High NOI Potential
Where is the industrial property located?
The property is located at 716 80 Ephraim, UT.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: $2,150,000 asking price for a 9,431 SF flex industrial property in Ephraim, UT.; Fully leased 9,431 SF building with approved plans for an additional 7,194 SF.; Strong tenant mix including Walmart, Arby's, Utah State Liquor Store, Tractor Supply, Tagg-N-Go, and Mountain America.
How can I contact the broker?
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716 80
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