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305 N Main St

17,506 SF 100% Leased Office Building Tooele, UT 84074 £3,642,305 (£208/SF) 5.50% Net Initial Yield

Investment Highlights

  • Two long-term State of Utah AAA credit tenants
  • Tenants have occupied building since 2000
  • Resurfaced parking lot in 2022
  • 5 Years remaining on lease terms
  • New roof and HVAC in 2015
  • All lighting changed to LED in 2022

Executive Summary

Prime investment opportunity with two long-term State of Utah AAA credit tenants who have occupied the space since 2000. Strong retail corridor with amenities.

Attachments

Workforce Services - Full Flyer

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
17,506 SF
Building Class
C
Year Built
1991
Price
£3,642,305
Price Per SF
£208
Net Initial Yield
5.50%
NOI
£200,327
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
8,753 SF
Building FAR
0.28
Lot Size
1.46 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parking
65 Spaces (3.71 Spaces per 1,000 SF Leased)
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Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 02-036-0-0009 Improvements Assessment £2,360,200
Land Assessment £742,545 Total Assessment £3,102,745

PROPERTY TAXES

Parcel Number
02-036-0-0009
Land Assessment
£742,545
Improvements Assessment
£2,360,200
Total Assessment
£3,102,745
(801) 631-9963

Contact

  • Listing ID: 33254502

  • Date on Market: 20/09/2024

  • Last Updated:

  • Address: 305 N Main St, Tooele, UT 84074

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© 2024 CoStar Group

305 N Main St
(801) 631-9963 x

305 N Main St

George Richards

(801) 631-9963

(801) 631-9963

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