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Spring Creek Office & Retail 517 W 100 N
58,608 SF 65% Leased Office Building Providence, UT 84332 $10,900,000 ($186/SF) 6.47% Cap Rate
Investment Highlights
- Executive Office Property
- 200+ parking spaces
- Solid Tenant mix
Executive Summary
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$929,388
|
$15.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$22,493
|
$0.38
|
| Effective Gross Income |
$906,895
|
$15.47
|
| Taxes |
$51,064
|
$0.87
|
| Operating Expenses |
$128,541
|
$2.19
|
| Total Expenses |
$179,605
|
$3.06
|
| Net Operating Income |
$727,290
|
$12.41
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $929,388 |
| Annual Per SF | $15.86 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $22,493 |
| Annual Per SF | $0.38 |
| Effective Gross Income | |
|---|---|
| Annual | $906,895 |
| Annual Per SF | $15.47 |
| Taxes | |
|---|---|
| Annual | $51,064 |
| Annual Per SF | $0.87 |
| Operating Expenses | |
|---|---|
| Annual | $128,541 |
| Annual Per SF | $2.19 |
| Total Expenses | |
|---|---|
| Annual | $179,605 |
| Annual Per SF | $3.06 |
| Net Operating Income | |
|---|---|
| Annual | $727,290 |
| Annual Per SF | $12.41 |
Property Facts
Amenities
- Bus Line
- Courtyard
- Signage
- Central Heating
- High Ceilings
- Drop Ceiling
- Monument Signage
- Air Conditioning
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.
6003 SF Open office space. Great natural lighting and glass overhead door. Corner space closest to 200 parking stalls. Lab area and conference room
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 | 1,322 SF | Office | Partial Build-Out | Now |
| 1st Fl-Ste 108 | 6,003 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 |
| 1,322 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 108
| Size |
| 6,003 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 | 1,322 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.
1st Fl-Ste 108
| Size | 6,003 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
6003 SF Open office space. Great natural lighting and glass overhead door. Corner space closest to 200 parking stalls. Lab area and conference room
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 | $6,275,502 |
| Land Assessment | $921,004 | Annual Taxes | $51,064 ($0.87/SF) |
| Improvements Assessment | $5,354,498 | Tax Year | 2023 Payable 2023 |
PROPERTY TAXES
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Spring Creek Office & Retail | 517 W 100 N
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