Friday, August 03, 2007

Winchester Office Building: Murray, Utah

Three Story Office Building: Minimum Investments Starting At $150,000.00

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  • Property Name: Winchester Office Building
  • Rentable SqFt: ± 45,289.00
  • Purchase Price: $10,500,000.00
  • Price per SqFt: $231.84 /sqft
  • Equity: $4,950,000.00
  • Loan Amount: $5,550,000.00
  • Loan-to-Value: 52.86%
  • Percent Occupied: 100.00%
  • Type: Three-story office building

Property Description:
Winchester is a Class B+ office building in Murray, Utah, a suburb of Salt Lake City. The three-story office building was built in 1997 and is a multitenant property containing 45,289 square feet and is 100 percent leased. The Property consists of a garden level and two stories above ground level. The garden level contains office suites, an exercise room, showers, and storage. The remaining square footage of the building is built out with professional office space. The main lobby is two stories tall and opens up to skylights and chandeliers, with attractive red tile floors in the main lobby and second floor lobby. The Property offers covered parking and an adjacent parking lot, supplying tenants and clients ample parking.

Top Tenants by Total Rent:
100 percent leased with diversified tenants and a rent roll that is well dispersed with no concentrated roll years.

Please contact me for a full marketing brochure and further information regarding this investment.

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