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Medical Office and Surgery Center
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7535 S Union Park Ave, Midvale, UT 84047

Specialized healthcare facility occupied by PSI, an established tenant with more than two decades in operation.

Property SizeContact for details
Days on Market141

Property Features for 7535 S Union Park Ave

General Information

Standard status Active
Property subtype Office
Net Operating Income $325,026

Additional Details

Cap Rate 5.5%
Highway Access Yes
Listing Agency: Colliers - Salt Lake City, Utah
Listed By: Parker Roberts · License #12335150-SA00
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 9:16AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Salt Lake City, Utah

Investment Insights

Based on property information with market context.

The Medical Office and Surgery Center at 7535 S. Union Park Ave is a specialized healthcare property occupied by PSI, a tenant with more than two decades of operating history. The asset is positioned for medical office and surgical use within an established commercial setting.

The property is in Midvale, 12 miles south of downtown Salt Lake City and 15 minutes east of four mountain resorts. Restaurants, retailers, gas stations, schools, and residential areas are identified in the surrounding area. The location also provides access to major highways and transportation hubs, although specific routes are not stated.

The property has a reported 5.50% cap rate. Midvale’s five-mile population exceeds 313,000, with a median age of 33.2 and median household income of $82,284.

Key Highlights

  • Medical office and surgery center at 7535 S. Union Park Ave
  • Occupied by PSI, a tenant with over two decades of industry history
  • Reported 5.50% cap rate

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Building Supply Auto Parts Store Auto Repair Shop Storage Facility Daycare Center Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,153
Businesses Nearby
Under-served
Demand for This Use

Demographics for 84047, UT

37,146
Population
17,221
Households
2.2
Avg Household Size
33
Median Age
34%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
5,804
Density / Sq Mi
$73,120
Median Household Income
$43,845
Median Earnings
$1,482
Median Rent
$404,200
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Specialized healthcare facility occupied by PSI, an established tenant with more than two decades in operation.
Where is this medical office space located?
The property is located at 7535 S Union Park Ave Midvale, UT.
What are key features of this property?
This property features: Medical office and surgery center at 7535 S. Union Park Ave; Occupied by PSI, a tenant with over two decades of industry history; Reported 5.50% cap rate
(801) 947-8300 Call to check price and availability
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