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1st Floor - Unit 104
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Industrial
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5,304 SF
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$1,100,000 USD
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Unit Size: 5,304 SF
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Condo Use: Industrial
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Price: $1,100,000 USD
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Sale Type: Investment
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Price/SF: $207.39 USD
Description
Space was originally build as a high class dance studio, two dance floors on the upper/mezzanine, main level office, two booth salon, kitchen, two bathrooms and third dance floor. Dance floors are hardwood with a shock absorbent system for low impact.
Sale Notes
Prime Commercial Investment Opportunity | Single-Tenant Property Overview: An exceptional turn-key investment opportunity featuring a spacious ~5,304 SF commercial property spread over two floors. Currently functioning as an established dance studio, this property offers stable income, a high-quality tenant commitment, and minimal management overhead. Key Investment Highlights Strong Financials: Offered at an approximate 5.5% CAP Rate. Long-Term Stability: Occupied by a proven, long-term tenant who has recently signed a new 5-year lease renewal. Tenant Commitment: The tenant is actively investing in additional space improvements, demonstrating strong long-term operational commitment to the location. Low-Maintenance Ownership: Minimal landlord responsibilities, making this an ideal hands-off asset for both seasoned and entry-level investors. Functional Layout: ~5,304 SF optimized across two flexible floors, tailored for dance/fitness/studio operations with great long-term adaptability.
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Alan Arbuckle
Berkshire Hathaway Utah Properties
