613-623 Fort Union Blvd Midvale, UT 84047
- Office Properties & Spaces
- 20,864 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 613-623 Fort Union Blvd
- Property size
- 20,864 SF
- Property type
- Office Properties & Spaces
Description
This exceptional two-story executive office building, located at 613-623 E. Fort Union Blvd in Midvale, Utah, 84047, presents a compelling investment opportunity. The property boasts a total of 20,864 square feet of well-maintained office space, currently priced at $300 per square foot, resulting in a purchase price of $1,008,600. A strong 6.00% capitalization rate and a Net Operating Income (NOI) of $59,705 demonstrate significant return potential. The building's financial projections include a 20% down payment of $201,720, a loan amount of $806,880, a 25-year amortization period, a 7.125% annual interest rate, and a monthly payment of $5,767.36. Situated in Salt Lake County, this property offers convenient access to major transportation routes and amenities. This is an ideal acquisition for investors seeking a stable, high-yield investment in a thriving Utah market. The property is for sale and offers a rare chance to acquire a well-established executive office building with a proven track record of profitability. Serious inquiries are encouraged.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Midvale
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.874
- Latitude
- 40.6211
