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2460 W 400 N

6,940 SF 100% Leased Office Building Cedar City, UT 84720 £2,741,550 (£395/SF) 4.29% Net Initial Yield

Investment Highlights

  • Four interconnected suites, each approximately 750
  • Large parking lot providing ample parking
  • Located behind the old Vivint building, west of the Maverick gas station on Airport Road

Executive Summary

Located just off Highway 56 and a few miles from I-15, this prime location offers convenience and accessibility. All tenants are leased for at least 5 years and one lease is for 20 years.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
6,940 SF
Building Class
B
Year Built/Renovated
1996/2017
Price
£2,741,550
Price Per SF
£395
Net Initial Yield
4.29%
NOI
£117,495
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
6,940 SF
Building FAR
0.05
Lot Size
3.39 AC
Parking
200 Spaces (28.82 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • B-0749-0000-0000
  • B-0003-0012-0000
Land Assessment
£216,367
Improvements Assessment
£774,151
Total Assessment
£990,518
  • Listing ID: 32581087

  • Date on Market: 25/07/2024

  • Last Updated:

  • Address: 2460 W 400 N, Cedar City, UT 84720

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