5444 Green St Murray, UT 84123

Property Details for 5444 Green St

Year built

1975

Lot size

2.00 lot acres

Property size

25,852 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a 25,852-square-foot, single-story medical office building in Murray, Utah. Located at 5444 S Green St, this Class B property boasts a prime location just off Interstate-15, benefiting from high visibility and daily traffic exceeding 220,000 vehicles. The building, constructed in 1975 and renovated in 2021, features three distinct suites, each with separate entrances, and ample parking. Currently housing three tenants under absolute net leases with a remaining term of 7.5 years on a 10-year lease, the property offers a strong, credit-rated tenancy. The building includes a fully licensed outpatient surgery center, creating synergistic tenancy. An available suite offers an incredibly low effective price per square foot for an owner-user. The property sits on a 2-acre lot and is zoned for commercial development. With a current cap rate of 6.10% and a pro-forma cap rate of 8.43%, this investment presents a compelling opportunity in a thriving Salt Lake County location, minutes from Intermountain Medical Center, a major referral hospital. The property features electronic LED signage visible from I-15. The asking price is $7,450,000, with a price per square foot of $288.18. The net rentable square footage is 24,896 square feet. Prepaid rent is included. This is a value-add investment opportunity.

Location Insight

City

Murray

County

Salt Lake

State

Utah

Longitude

-111.903

Latitude

40.6514