1657 N State St - Manufacturing FOR SALE


Lehi, UT 84043- Silicon Slopes
$7,100,000 USD
801-310-6948
1657 N State St, Lehi, UT for Sale
$7,100,000 USD
Manufacturing - FOR SALE
1/34
null | 6.47% Cap Rate

1657 N State St
Lehi, UT 84043
Silicon Slopes


OVERVIEW

Newly renovated (2022) industrial building conveniently located in Lehi right off the 2100 S I-15 Interchange. Tenant in place. Priced aggressively at a 6.5% cap rate on year 1 NOI. Below market rents with 11% bump in year one, 3% annual bumps thereafter. Priced well below replacement cost and a great price per square foot at $176. Could potentially be delivered vacant for owner/user Building information and square footage figures are provided as a courtesy only. Buyer is advised to verify all information

FOR SALE DETAILS

PRICE

$7,100,000 USD

PRICE/SF

$158 USD /SF

CAP RATE

6.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1993

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

3

DRIVE INS

2

PARKING SPACES

83

LAND DETAILS

LAND ACRES

2

LAND SF

87,120

ZONING

Mixed Use Commercial

APN/PARCEL ID

53-128-0011

ASK ABOUT THIS PROPERTY

Mckay WinkelIn Depth RealtyMore Info
801-310-6948

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Mckay WinkelIn Depth RealtyMore Info
801-310-6948

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.