$1,400,000
Est. payment /mo
871 Sqft Lot
Active
696 W CONFLUENCE AVE Murray, UT 84123
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UPDATED:
01/14/2025 06:18 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Confluence Place Condo Amd
MLS Listing ID 2056798
Construction Status Blt./Standing
HOA Y/N No
Year Built 2006
Annual Tax Amount $12,000
Lot Size 871 Sqft
Acres 0.02
Lot Dimensions 0.0x0.0x0.0
Property Description
Investment Highlights Annual Gross Rent $82,656 Net Operating Income $62,293.39 Cap Rate 4.45% Property Taxes $10,258.73 Insurance $2,031 HOA Fees $2,479.68 Reserves (3%) $2,479.68 Proforma Cap Rate 6.57% Proforma Annual Rent ($1.25/SF NNN) $94,500 Property Highlights Total: 6,200 SF Tenant: Luxor Reptiles (Heatseeker Reptiles) LED: April 30, 2026 Renewal Option: Tenant Has One (1) Five (5) Year Renewal Option at FMV Built 2006 Annual Increases: 3% Floors: Two (2)
Location
State UT
County Salt Lake
Area Murray; Taylorsvl; Midvale
Zoning Commercial, Industrial
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
View Y/N No
Present Use Industrial
Private Pool No
Building
Faces West
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 21-01-156-030
Listed by LEGEND PARTNERS ll, LLC