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Spring Creek Office & Retail 517 W 100 N
58,608 SF 75% Leased Office Building Providence, UT 84332 $15,766,849 CAD ($269 CAD/SF) 6.47% Cap Rate
INVESTMENT HIGHLIGHTS
- Executive Office Property
- 200+ parking spaces
- Solid Tenant mix
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,344,360
|
$22.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$32,536
|
$0.56
|
| Effective Gross Income |
$1,311,824
|
$22.38
|
| Taxes |
$73,864
|
$1.26
|
| Operating Expenses |
$185,935
|
$3.17
|
| Total Expenses |
$259,799
|
$4.43
|
| Net Operating Income |
$1,052,025
|
$17.95
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,344,360 |
| Annual Per SF | $22.94 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $32,536 |
| Annual Per SF | $0.56 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,311,824 |
| Annual Per SF | $22.38 |
| Taxes (CAD) | |
|---|---|
| Annual | $73,864 |
| Annual Per SF | $1.26 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $185,935 |
| Annual Per SF | $3.17 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $259,799 |
| Annual Per SF | $4.43 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,052,025 |
| Annual Per SF | $17.95 |
PROPERTY FACTS
AMENITIES
- Bus Line
- Courtyard
- Signage
- Central Heating
- High Ceilings
- Drop Ceiling
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Finance and Insurance
- 1,235 SF
- $20.74 CAD
- Net
- -
The American Family Enterprise is a family of companies dedicated to delivering unparalleled service and exceptional protection to their customers. Their mission is to make a meaningful difference in their communities, their environment, and for their people as proactive protectors of what matters most.
- Consolidated Smart Systems
- Utilities
- 6,383 SF
- $24.30 CAD
- Net
- Jun 2029
- Damselfly Improvement
- Construction
- 3,280 SF
- $23.14 CAD
- Net
- -
- Health West Inc.
- Health Care and Social Assistance
- 8,804 SF
- $20.25 CAD
- Net
- -
- Horrocks Engineering
- Professional, Scientific, and Technical Services
- 5,187 SF
- $32.84 CAD
- Net
- -
- Squeeze Media
- Information
- 3,693 SF
- $23.84 CAD
- Net
- Jan 2025
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Finance and Insurance | 1,235 SF | $20.74 CAD | Net | - | |
| Consolidated Smart Systems | Utilities | 6,383 SF | $24.30 CAD | Net | Jun 2029 | |
| Damselfly Improvement | Construction | 3,280 SF | $23.14 CAD | Net | - | |
| Health West Inc. | Health Care and Social Assistance | 8,804 SF | $20.25 CAD | Net | - | |
| Horrocks Engineering | Professional, Scientific, and Technical Services | 5,187 SF | $32.84 CAD | Net | - | |
| Squeeze Media | Information | 3,693 SF | $23.84 CAD | Net | Jan 2025 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Providence UT 1,322 SF Main level corner space. Open floor plan. Triple net lease, $4.00 psf CAM fees. Ample parking. High visibility and monument signage.
4,109 SF Executive Office Space. Six private offices and open floor space. Large conference room with teleconferencing capabilities. Great views. Easy elevator access. Large parking area, 200 stalls. Additional spaces available.
2nd Floor Office Space, 3,462 SF with two private offices and otherwise open cubicle space. Plenty of parking. Elevator access.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 102 | 1,280 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 210 | 4,109 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 221 | 3,162 SF | Office | Partial Build-Out | Now |
1st Fl-Ste 102
| Size |
| 1,280 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 210
| Size |
| 4,109 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 221
| Size |
| 3,162 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 102
| Size | 1,280 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Providence UT 1,322 SF Main level corner space. Open floor plan. Triple net lease, $4.00 psf CAM fees. Ample parking. High visibility and monument signage.
2nd Fl-Ste 210
| Size | 4,109 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
4,109 SF Executive Office Space. Six private offices and open floor space. Large conference room with teleconferencing capabilities. Great views. Easy elevator access. Large parking area, 200 stalls. Additional spaces available.
2nd Fl-Ste 221
| Size | 3,162 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
2nd Floor Office Space, 3,462 SF with two private offices and otherwise open cubicle space. Plenty of parking. Elevator access.
PROPERTY TAXES
| Parcel Number | 02-212-0002 | Total Assessment | $9,714,344 CAD (2024) |
| Land Assessment | $1,371,959 CAD (2024) | Annual Taxes | $73,864 CAD ($1.26 CAD/SF) |
| Improvements Assessment | $8,342,384 CAD (2024) | Tax Year | 2023 Payable 2023 |
PROPERTY TAXES
Presented by
Spring Creek Office & Retail | 517 W 100 N
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