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8987 W 2700 S

Magna, UT 84044
  • $1,178,142
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: 1865841
UPDATED: 45 min ago
$1,178,142
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1917
County:

School Ratings & Info

Description

QUIET SALE/NO SIGN ON PROPERTY. DO NOT DISTURB occupants for any reason, please! Fully leased multi-tenant retail building investment for sale. Pricing breakdown: $1,178,142 with a CAP Rate of 6.5%. The existing tenants include Cattleman's Burger Co. and The Filling Station. There is currently a 9.5-year NNN lease for The Filling Station bar and a 4+ year Modified Gross lease for Cattleman's Burger Co. Both tenants have renewal options. The subject property consists of 11,758 SF and the two tenants' units are as follows: The Filling Station 6,048.78 SF | Cattleman's Burger Co. 2,000 SF | Basement SF 3,709.22 SF is located under Cattleman Burger Co. unit but is usable and unleased to either tenant. Additional 2,304 SF crawl space with approximate 5 feet head clearance under The Filling Station which is not included in the total building square footage. Located within an opportunity zone! With a $5,000 contribution a $50,000 facade grant allowance is available from the city of Magna at this location. The property is located off downtown historic Magna Main St. Nearby tenants include Burger King, TransWest Credit Union, 7-Eleven, Holiday Gas, Sinclair, and more. Magna, UT is a metro township in Salt Lake City, UT. The seller will consider seller financing with $800K down. Request/See attached offering memorandum. The information provided is a courtesy but all details and information should be verified by the buyer.

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Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-03-31T13:38:17.503. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
www.colemererealty.com/homes/137614738
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8987 W 2700 S Magna, UT 84044

  • Price: $1,178,142
  • Status: Active
  • On Site: 20 Days
  • Updated: 45 min ago
  • ID#: 1865841
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1917
Built
Neighborhood:
Magna; Taylrsvl; Wvc; Slc
County:
Salt Lake
Area:
Magna; Taylrsvl; Wvc; Slc
Property Description
QUIET SALE/NO SIGN ON PROPERTY. DO NOT DISTURB occupants for any reason, please! Fully leased multi-tenant retail building investment for sale. Pricing breakdown: $1,178,142 with a CAP Rate of 6.5%. The existing tenants include Cattleman's Burger Co. and The Filling Station. There is currently a 9.5-year NNN lease for The Filling Station bar and a 4+ year Modified Gross lease for Cattleman's Burger Co. Both tenants have renewal options. The subject property consists of 11,758 SF and the two tenants' units are as follows: The Filling Station 6,048.78 SF | Cattleman's Burger Co. 2,000 SF | Basement SF 3,709.22 SF is located under Cattleman Burger Co. unit but is usable and unleased to either tenant. Additional 2,304 SF crawl space with approximate 5 feet head clearance under The Filling Station which is not included in the total building square footage. Located within an opportunity zone! With a $5,000 contribution a $50,000 facade grant allowance is available from the city of Magna at this location. The property is located off downtown historic Magna Main St. Nearby tenants include Burger King, TransWest Credit Union, 7-Eleven, Holiday Gas, Sinclair, and more. Magna, UT is a metro township in Salt Lake City, UT. The seller will consider seller financing with $800K down. Request/See attached offering memorandum. The information provided is a courtesy but all details and information should be verified by the buyer.
Exterior Features

Attached Garage YN No Carport YN No Construction Status Blt./Standing Covered Spaces 0 Frontage Length 0.0 Garage YN No Horse Property YN No Lot Size Dimensions 0.0X0.0X0.0 Mobile Length 0 Mobile Width 0 Open Parking YN No Parking Total 0 Pool Private YN No Spa YN No View YN No Waterfront YN No

Interior Features

Bathrooms Partial 0 Cooling YN No Fireplace YN No Heating YN False Rooms Total 0

Property Features

Association YN No Cross Street 2700 Current Use Retail Lease Considered YN No New Construction YN No Ownership Property Owner Property Attached YN No Property Condition Blt./Standing Property Sub Type Retail Senior Community YN No Tax Annual Amount 12886

Listing provided courtesy of Kw South Valley Keller Williams: 801-676-5700. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2023 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-03-31T13:38:17.503. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
 
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Colemere Realty Associates
9661 South 700
East Sandy UT, 84070