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1528 N Commerce Dr
Saratoga Springs, UT 84045 Silicon Slopes

$1,090,000 USD

Medical Condo For Sale  •  2,127 SF

Property Details

  • Property Type Medical
  • Total Building Size 19,000 SF
  • Lot Size 1.45 AC
  • Building Class B
  • Year Built 2009
  • Cap Rate 5.50 %
  • Zoning RC
13 Transit Score
42 Walk Score

1 Unit Available

Name Condo Use Size Price Details
2nd Floor - Unit 204 Medical 2,127 SF $1,090,000 USD
  • Unit Size: 2,127 SF
  • Condo Use: Medical
  • Price: $1,090,000 USD
  • Sale Type: Investment
  • Price/SF: $512.46 USD
Description
Investment sale of a medical suite in Saratoga Springs. Office is 2,127 RSF (2,044 USF). Currently occupied by WIC of Utah County. 3% annual increases to rent.

Description 

100% leased.  2,127 SF.  Long term lease in place with Utah County's WIC program.  Perfect for an investor to purchase and allow rents to increase at 3% per year for another 7+ years.

Highlights

5.5% Cap Rate
$1,090,000
Annual Net Cash Flow of $59,950 with 3% annual increases

Property Flyers

Financial Summary

Cap Rate: 5.50 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
WIC Utah County

Public Transportation

Commuter RailDriveWalkDistance
Lehi Station (FrontRunner - Utah Transit Authority (UTA)) 9 min - 4.7 mi
American Fork Station (FrontRunner - Utah Transit Authority (UTA)) 13 min - 7.2 mi
AirportDriveWalkDistance
Provo Municipal 32 min - 22.7 mi
Salt Lake City International 42 min - 34.3 mi
Peter Black 801-971-9425 Newmark Mountain West
Peter Black 801-971-9425 Newmark Mountain West