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227 N Center St American Fork, UT 227 N Center St

3,989 SF 50% Leased Office Building American Fork, UT 84003 $1,530,868 CAD ($384 CAD/SF) 6% Cap Rate

Investment Highlights

  • Lots of light, Windows in every office
  • Attractive Courtyard
  • Detached storage buildings
  • Open spaces, Access to Courtyard from Every Room
  • Fenced outdoor yard space
  • Bathroom off Every Room

Executive Summary

Discover a premier investment opportunity in the heart of American Fork. This 3,989 square foot commercial property boasts a stable, long-term tenant in place, ensuring immediate cash flow with minimal oversight. Situated in a high-traffic area known for its robust economic growth and vibrant community, this asset offers an attractive 6% cap rate, ideal for investors seeking steady returns.The property's strategic location provides easy access to major highways and amenities, positioning it for continued value appreciation. Don't miss out on this well-maintained, turn-key investment with a reliable income stream in one of Utah County's thriving markets. 1994 sqft is available for lease at $4,000 per month.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
3,989 SF
Year Built
2000
Price
$1,530,868 CAD
Price Per SF
$384 CAD
Cap Rate
6%
NOI
$91,852 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,989 SF
Building FAR
0.21
Lot Size
0.44 AC
Zoning
PO-1, R2-7500
Parking
12 Spaces (3.01 Spaces per 1,000 SF Leased)

Amenities

  • Courtyard
  • Wheelchair Accessible
  • Kitchen
  • Central Heating
  • DDA Compliant
  • Natural Light
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-046-0038
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,028,085 CAD
  • Listing ID: 33661862

  • Date on Market: 2024-10-28

  • Last Updated:

  • Address: 227 N Center St, American Fork, UT 84003

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