2460 W 400 N
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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)
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PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £774,151 | |
Land Assessment | £216,367 | Total Assessment | £990,518 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£216,367
Improvements Assessment
£774,151
Total Assessment
£990,518
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2460 W 400 N
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