284 W 12th St
Investment - 5 Year Lease NNN w/Excellent Tenant in business for 56 Years. Tenant is Selle Royal manufacturer of bicycle parts. Ogden City Redevelopment is subsidizing lease . Zoned BEI = Commercial Light Industrial. Security Deposit - $5,320 Tenant pays 100% of Operating Expenses Including Common Areas, taxes and insurance. Rent - 2017 - 2018 = $TBD Rent - 2018 - 2019 = $164,702 Rent - 2019 - 2020 = $168,898 Rent - 2020 - 2021 = $173,042 Tenant pays all utilities including water/sewer and public utilities Taxes are estimated as Assessor will not have tax amount until end of May, 2018. Tenant occupied August, 2017. Power - 480/240 3 Phase Roof - Architectural Standing Seam AC throughout all finished out office. Large fans in warehouse. DO NOT DISTURB TENANTS!!
|Price Reduced (from $2,773,750)||$2,600,000||$173,750 (6.26%)|
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