Logan Golf Course Rd Office Space | 115 Golf Course Rd
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Logan Golf Course Rd Office Space 115 Golf Course Rd
29,367 SF 100% Leased Office Building Logan, UT 84321 £3,481,903 (£119/SF) 7.18% Net Initial Yield
Investment Highlights
- Five-Year Renewal Signed with Long Term Anchor Tenant (State of Utah DFCS)
- Ten-Year Renewal Signed with Secondary Anchor Tenant
Executive Summary
***Price Improvement***ICP Commercial Real Estate is pleased to present an excellent investment opportunity, The State of Utah Human Services Office and Counseling Center. Anchored by State of Utah DFCS, this investment provides a highly accredited and long-standing (1996) tenant. The State of Utah Human Services Office and Counseling Center is strategically located within numerous amenities, including restaurants, gas stations, golf course, and retailers. Recent capital improvements include new zero-scape landscaping and parking lot surfacing. Five-year renewal signed by State of Utah and ten-year renewal signed by secondary anchor tenant. Great Mid-Valley Location with Ease of Access to HWY 89 and Main Street. Priced well below replacement cost.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
29,367 SF
Building Class
B
Year Built
1996
Price
£3,481,903
Price Per SF
£119
Net Initial Yield
7.18%
NOI
£249,952
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
29,367 SF
Building FAR
0.25
Lot Size
2.66 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
130 Spaces (4.43 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Fitness Centre
- Signage
- Central Heating
- Fully Carpeted
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 02-065-0035 | Improvements Assessment | £1,931,271 (2023) |
| Land Assessment | £642,747 (2023) | Total Assessment | £2,574,018 (2023) |
PROPERTY TAXES
Parcel Number
02-065-0035
Land Assessment
£642,747 (2023)
Improvements Assessment
£1,931,271 (2023)
Total Assessment
£2,574,018 (2023)
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Logan Golf Course Rd Office Space | 115 Golf Course Rd
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