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14893 Minuteman Drive
Draper, UT 84020
Asking Price
$2.55M
Asset Type
Commercial Land
Class
Class B
What's Special
2.6 Acres of Commercial Land in Draper with I-15 Visibility <p>CBRE is pleased to present a rare opportunity to purchase 2.6 acres that is well suited for commercial development. Adjacent to the I-15 exit of 14600 South, this property has excellent access and position to capture freeway traffic and is highly visible. This area is currently seeing significant growth and is adjacent to future masterplanned development, “The Point” in Draper, the proposed TRAX expansion between Draper & Lehi, and will have 35,000 planned units in a 10-mile radius.</p>
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NOI
$80,000
Cap Rate
3.14%
DSCR
0.53
Underwater
Cash-on-Cash
-9.33%
Monthly Payment
$12,616.009
Annual Cash Flow
$-71,392.104
