NEURAGENEX
Bluffdale, UT
Neuragenex is the nation’s fastest growing healthcare brand and platform, consisting of multiple avenues of care and expanding across the nation to offer the latest and safest healthcare programs and treatments. Neuragenex Treatment Centers was founded to provide patients with access to pain relief without surgery, drugs or invasive treatments.
Property Information
- Tenant: Neuragenex
- Location: Bluffdale, UT
- Property Type: Freestanding, Medical
- Building Size: 3,500 Square Feet
- Purchase Price: $6,286,782
- Cap Rate: 5.75%
Bluffdale, Utah
Bluffdale is nestled near the heart of Utah’s “Silicone Slopes” tech corridor, a regional boom of tech industries that call Utah home, which boasts the 2nd fastest growing tech industry in the nation.
The relocation of the Bluffdale prison has made room for the
future home of downtown Silicon Slopes serving as the epicenter of
business along the I-15 corridor. Bluffdale also serves as a crossroads for transportation and utilities between Salt Lake and Utah Counties.
About Tenant In Common
Tenant in common or TIC ownership allows two or more people to hold an ownership interest in a property. Each property owner or business
entity holds its own separate stake in the property and receives a deed.Their interests do not have to be equal.
This Millcreek Commercial property has the following characteristics:
- Property is offered debt-free
- Long-term, corporate-guaranteed lease
- Satisfies IRS requirements for 1031 exchanges
Office | 801.899.1943
Lease Information
- Lease Guarantor: Neuragenex Treatment Centers, LLC
- Initial Lease Term: 20 Years
- Rent Increases: 2% every year
- Renewal Options: Two 5-year Extensions
- 20 Year Average Return: 6.99%
