184 20th Street Ogden, UT 84401

Listing agency Cushman & Wakefield - Salt Lake City, Utah Show Phone

Listed by Rick Newton · License #UT 5495160-SA00

Source Crexi

Added: Apr 10 Updated: Jul 20 at 7:57PM Checked: Jul 20 at 7:57PM

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Investment Insights

Based on property information with market context.

This retail/industrial investment features a multi-unit operator tenant with occupancy beginning in May 2011. The tenant has recently extended the lease for an additional six years, with the current lease running through June 2024 and approximately seven years remaining at the time of listing. Lease terms include 2.25% annual increases beginning July 1, 2020.

The property includes a 10,556 SF building situated on approximately 1 acre at 184 20th Street in Ogden, UT 84401.

Offered for sale at $1,100,000, the property is reported with a current NOI of $78,645, representing a 7.25% cap rate per the provided information.

Key Highlights

• Single‑tenant retail/industrial building with long‑term occupant since May 2011
• Lease extended for an additional 6 years; currently runs through June 2024 (7 years remaining)
• 2.25% annual rent bumps starting July 1, 2020

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FAQs

What type of property is this?

Flex space - Single tenant retail/industrial building with a long-term occupant since May 2011 and a lease extended through June 2024.

Where is this flex space located?

The property is located at 184 20th Street Ogden, UT.

What are key features of this property?

This property features: Single‑tenant retail/industrial building with long‑term occupant since May 2011; Lease extended for an additional 6 years; currently runs through June 2024 (7 years remaining); 2.25% annual rent bumps starting July 1, 2020