Valuable investment-grade retail property, well-maintained by current owner, fully-leased with 7 tenants. Hard to find investment property. Pylon sign in front. Corner lot. High traffic volume and close to numerous commercial shops including Layton Hills Mall. Cap Rate of 6% at offering price (based on 2023 income/expense actuals). Cap Rate of 6.96% at offering price on 2024 income (based on rent roll/leases) and estimated expenses (based on average of past 5 years). Please contact AGENT with questions, requests for financials, and requests to view the property. Prospective buyers must submit proof of funds (and preapproval letter if obtaining a loan for purchase) before a full tour (interior and exterior) of the property will be allowed and scheduled. Interested parties may view the exterior (only) of the property without appointment - PLEASE DO NOT DISTURB TENANTS.
Courtesy of: Engel & Volkers Park City.
Phone Available, Cable Available, Electricity Connected, Natural Gas Connected, High Speed Internet Available, Natural Gas - Separate
Easy Highway Access, Handicap Access, High Traffic Count, High Visibility, Restrooms - Private
| Date | Details | Change |
|---|---|---|
| Status Changed from Pending to Active | – | |
| Status Changed from Active to Pending | – | |
| Price Reduced from $2,100,000 to $2,000,000 | $100,000 (4.76%) | |
| Price Reduced from $2,200,000 to $2,100,000 | $100,000 (4.55%) |
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Listing information last updated on May 1st, 2024 at 8:58am MDT.
