623 Fort Union BlvdMidvale, UT 84047

Property Details for 623 Fort Union Blvd

Year built

2006

Lot size

1.53 AC

Property size (Sq ft)

19,258 SF

Zone code

MU

Property type

Investment properties

Property subtype

Retail residential properties

APN

22-30-232-028

APU

2230232028

Description

This exceptional investment opportunity presents a 7,128 square foot executive office building located at 623 Fort Union Blvd, Midvale, UT 84047. The property boasts a strong net operating income (NOI) of $107,632.80, translating to a desirable 5.03% capitalization rate. Priced at $2,138,400, this translates to $300 per square foot. The building consists of multiple units, specifically six units with APNs: 22-30-232-024-0000, 22-30-232-025-0000, 22-30-232-026-0000, 22-30-232-027-0000, 22-30-232-019-0000, and 22-30-232-020-0000. Situated in the vibrant and rapidly growing community of Midvale, within Salt Lake County, this property offers a compelling investment prospect in a thriving business climate. The strong tenant in place contributes to the property's consistent income stream and makes it an attractive addition to any commercial real estate portfolio. This prime Midvale location ensures easy access and high visibility, making it an ideal investment for discerning buyers seeking a stable and profitable asset.

Location Insight

City

Midvale

County

Salt Lake

State

Utah

Latitude

40.6216

Longitude

-111.874

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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