2507 Madison Ave 3,520 SF 100% Leased Office Building Ogden, UT 84401 $410,000 ($116.48/SF) 8.78% Cap Rate
EXECUTIVE SUMMARY
Turnkey income-producing dental office with a 10-year NNN lease in place, generating $36,000 in annual NOI at an 8.78% cap rate. The property includes two lots, with the office building on one and dedicated parking on the other. This is a low-maintenance investment with an established tenant and minimal landlord responsibilities.
Highlights:
-8.78% Cap Rate – Strong Investment Opportunity
-10-Year NNN Lease – Dental Tenant in Place
-Two-Lot Package – Dedicated On-Site Parking
-Minimal Landlord Responsibilities – NNN Lease Structure
-High-Visibility Location in Ogden’s Professional Corridor
-Stable Cash Flow – $36,000 Annual NOI
Ideal for investors seeking a passive income asset or an owner-user looking for a prime professional office space.
Contact us today for more details or to schedule a tour.
Highlights:
-8.78% Cap Rate – Strong Investment Opportunity
-10-Year NNN Lease – Dental Tenant in Place
-Two-Lot Package – Dedicated On-Site Parking
-Minimal Landlord Responsibilities – NNN Lease Structure
-High-Visibility Location in Ogden’s Professional Corridor
-Stable Cash Flow – $36,000 Annual NOI
Ideal for investors seeking a passive income asset or an owner-user looking for a prime professional office space.
Contact us today for more details or to schedule a tour.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
3,520 SF
Building Class
C
Year Built
1953
Price
$410,000
Price Per SF
$116.48
Cap Rate
8.78%
NOI
$36,000
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,760 SF
Building FAR
0.69
Lot Size
0.12 AC
Opportunity Zone
Yes
1 of 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 01-013-0032 | Improvements Assessment | $246,062 |
| Land Assessment | $30,938 | Total Assessment | $277,000 |
CONTACT
-
Matt Hartman -
Spark Realty
