Building 1 | 5373 Highway 224
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Building 1 5373 Highway 224
10,795 SF 100% Leased Office Building Park City, UT 84098 $14,749,140 CAD ($1,366 CAD/SF) 6% Cap Rate
Investment Highlights
- Fully Equipped and Ready for Use as a Human Imaging business
- Located in high end resort community directly off of US Interstate 80 and Kimball Jct on UT Highway 224 into Park City
- Primary Building constructed in 2018 and refitted in 2022 with MRI and CT Imaging Technology and main floor fully remodeled.
Executive Summary
Currently utilized as Utah's ''premier'' veterinarian surgical center. Primary building was originally built in 2018 & then substantially remodeled in 2021 accommodating MRI & CT Imaging technology, surgical, examination/lab facilities and paved parking. ADA compliant elevator. 5 bathrooms. 2 interview/exam rooms. 2 professional private offices. Lush grounds & landscaping on 1.13 acres. Solar power systems. Historic support buildings fully restored in 2018 by previous owner & transformed into uniquely designed event spaces. Full equipped commercial kitchen. Parking for over 35 vehicles. Fully paved ingress/egress onto UT Highway 224. • Zoning (HS) Hillside Stewardship with a low impact permit for commercial use. ** Represented NOI is Seller projection ONLY. *** Actual address per the Summit County, Utah public records is 5373 UT 224, Park City, Utah 84098. **** Footage representations are per a licensed UT appraiser measurements completed in July 2024.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,795 SF
Building Class
B
Year Built/Renovated
2018/2022
Price
$14,749,140 CAD
Price Per SF
$1,366 CAD
Cap Rate
6%
NOI
$884,948 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,398 SF
Building FAR
0.18
Land Acres
1.40 AC
Zoning
HS - Hillside Stewardship
Parking
35 Spaces (3.24 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | PP-93 | Improvements Assessment | $5,938,929 CAD |
| Land Assessment | $1,370,555 CAD | Total Assessment | $7,309,485 CAD |
PROPERTY TAXES
Parcel Number
PP-93
Land Assessment
$1,370,555 CAD
Improvements Assessment
$5,938,929 CAD
Total Assessment
$7,309,485 CAD
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David Dorius -
Keller Williams Realty International
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Building 1 | 5373 Highway 224
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