For Sale
$5,150,000

201 5900Murray, UT 84107

Prime Murray Medical Office Building

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional two-story, 22,732 square foot medical office building in Murray, Utah, presents a compelling investment opportunity. Boasting a 5.91% cap rate and a strong 95% occupancy rate with eight tenants, the property generates a substantial net operating income (NOI) of $304,186. Located at 201 E 5900 S, 84107, this Class B building, constructed in 1982, sits on a 0.62-acre lot and features 66 parking spaces, including covered and uncovered options, plus on-site storage. Its prime location offers easy access to I-15 and I-215 freeways, placing it within convenient reach of numerous amenities, including Fashion Place Mall. The property is zoned G-O and benefits from its proximity to the Intermountain TOSH Campus and Cottonwood Medical Towers, making it attractive to a wide range of medical and traditional office tenants. The building offers potential for owner-user occupancy, with additional square footage available. The asking price is $5,150,000, translating to $226.55 per square foot. This is a multi-tenant, NNN lease property. All information should be verified independently by prospective buyers.

Highlights

  • 22,732 SF of office/medical space available.
  • Owner-user opportunities available.
  • Excellent location near Tosh and IHC medical centers.
  • Abundant surface and underground parking.
  • On-site storage included.
  • Convenient access to I-15 and I-215 freeways.

Property Details for 201 5900

Property type
Office properties, Medical offices
Square Feet
22,732 SF
Class
B
Year Built
1982
Buildings
1
Stories
2
Lot Size (sq. ft)
27,007 SF
Units
8

Location Insight

City
Murray
County
Salt Lake
State
Utah
Latitude
40.642673302745
Longitude
-111.88507474438
201 5900, Murray, Utah

FAQs

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201 5900
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