Property profile

5444 Green St Murray, UT 84123

OFF-MARKET
Office Spaces
25,852 SF 2 ac lot Built 1975
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Year built 1975
Total area 25,852 SF
Lot 2 ac (87,120 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician

Location

5444 Green St Murray, UT 84123
Murray metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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