692 W CONFLUENCE AVE, Salt Lake City, UT 84123

  • $1,400,000
  • $1,400,000
692 W CONFLUENCE AVE, Salt Lake City, UT 84123
For Sale

692 W CONFLUENCE AVE, Salt Lake City, UT 84123

692 W CONFLUENCE AVE, Salt Lake City, UT 84123
  • $1,400,000
  • $1,400,000

Overview

Property ID: HZ1334356
  • Commercial Sale
  • Property Type
  • 2006
  • Year Built

Description

Property Highlights: Investment Sale Total: 6,200 SF – Purchase Price: $1.4M – Lease Rate: Contact listing agent(s) Floors: two (2) Built 2006 Tenant: Luxor Reptiles (Heatseeker Reptiles) LED: April 30, 2026 Renewal option: tenant has one (1) five (5) year renewal option at FMV Annual increases: 3% annual increases Investment Highlights: – Gross Revenue $89,342 – HOA Fees $12,657 – Property Taxes $9,243.38 – Insurance $2,031 – Reserve $2,432.59 – Net Operating Income $62,978 – Cap Rate 4.49%

  • Address 692 W CONFLUENCE AVE
  • City Salt Lake City
  • State/county UT
  • Zip/Postal Code 84123
  • Area CONFLUENCE PLACE CON
  • Country United States

Details

Updated on March 19, 2024 at 4:03 am
  • Property ID: HZ1334356
  • Price: $1,400,000
  • Land Area: 0.02 Acres
  • Year Built: 2006
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • MLS#: 1974839
  • Office Name: NEWMARK
  • Agent Name: Skyler Peterson
  • MLS Status: Active

Additional details

  • Roof: See Remarks
  • Cooling: See Remarks
  • Heating: See Remarks
  • Tax Annual: 9243
  • Flooring: See Remarks
  • County: Salt Lake
  • Property SubType: Industrial
  • Window Features: See Remarks
  • Accessibility Features: See Remarks

Features

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