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Confluence Flex Investment 692-718 W Confluence Ave

33,492 SF 100% Leased Flex Building Murray, UT 84123 $1,400,000 ($42/SF) 4.45% Cap Rate

Flex Space Utah Murray 692-718 W Confluence Ave, Murray, UT 84123

Investment Highlights

  • Total SF: 6,200
  • Gas Forced Heat Throughout
  • 2 Grade Level Doors
  • Built in 2006
  • 4 Total Bathrooms

Executive Summary

Investment Highlights
Annual Gross Rent
$82,656
Net Operating Income
$62,293.39
Cap Rate
4.45%
Property Taxes
$10,258.73
Insurance
$2,031
HOA Fees
$2,479.68
Reserves (3%)
$2,479.68
Proforma Cap Rate
6.57%
Proforma Annual Rent ($1.25/SF NNN)
$94,500
Property Highlights
• Total: 6,200 SF
• Tenant: Luxor Reptiles (Heatseeker Reptiles)
• LED: April 30, 2026
• Renewal Option: Tenant Has One (1) – Five (5) Year Renewal Option at FMV
• Built 2006
• Annual Increases: 3%
• Floors: Two (2)

Attachments

Confluence Flex Investment Flyer - 692 & 696 West Confluence Avenue Murray, UT

Property Facts

Price $1,400,000 Lot Size 2.28 AC
Price Per SF $42 Rentable Building Area 33,492 SF
Sale Type Investment No. Stories 2
Cap Rate 4.45% Year Built 2006
Property Type Flex Parking Ratio 0.16/1,000 SF
Property Subtype Light Manufacturing No. Drive In / Grade-Level Doors 6
Building Class B
Price $1,400,000
Price Per SF $42
Sale Type Investment
Cap Rate 4.45%
Property Type Flex
Property Subtype Light Manufacturing
Building Class B
Lot Size 2.28 AC
Rentable Building Area 33,492 SF
No. Stories 2
Year Built 2006
Parking Ratio 0.16/1,000 SF
No. Drive In / Grade-Level Doors 6

Utilities

  • Lighting
  • Gas - Natural
  • Water
  • Sewer
  • Heating
1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 21-01-156-036-0000
  • 21-01-156-029-0000
  • 21-01-156-031-0000
  • 21-01-156-035-0000
  • 21-01-156-037-0000
  • 21-01-156-032-0000
  • 21-01-156-033-0000
  • 21-01-156-034-0000
 Improvements Assessment $2,702,600
Land Assessment $1,158,100 Total Assessment $3,860,700

PROPERTY TAXES

Parcel Numbers
Multiple
  • 21-01-156-036-0000
  • 21-01-156-029-0000
  • 21-01-156-031-0000
  • 21-01-156-035-0000
  • 21-01-156-037-0000
  • 21-01-156-032-0000
  • 21-01-156-033-0000
  • 21-01-156-034-0000
Land Assessment
$1,158,100
Improvements Assessment
$2,702,600
Total Assessment
$3,860,700

zoning

Zoning Code M-G
M-G
(801) 656-7354

Contacts

  • Listing ID: 33690743

  • Date on Market: 10/30/2024

  • Last Updated:

  • Address: 692-718 W Confluence Ave, Murray, UT 84123

More public record information on 692-718 W Confluence Ave, Murray, UT 84123

The Flex Property at 692-718 W Confluence Ave, Murray, UT 84123 is currently available for sale. Contact Legend Partners for more information.

Flex PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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Confluence Flex Investment | 692-718 W Confluence Ave
(801) 656-7354 x

Confluence Flex Investment | 692-718 W Confluence Ave

1/4

Skyler Peterson

(801) 656-7354

(801) 656-7354

Tre Bourdeaux

(801) 824-0397

(801) 824-0397

Parker Taggart

(801) 928-1815

(801) 928-1815

Tanner Pulsipher

(801) 636-0255

(801) 636-0255

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