176 Dl Sargent Dr - Office FOR SALE


Cedar City, UT 84721
$4,950,000 USD
949-419-3276
176 Dl Sargent Dr, Cedar City, UT for Sale
$4,950,000 USD
Office - FOR SALE
1/5
null | 6.95% Cap Rate

176 Dl Sargent Dr
Cedar City, UT 84721


HIGHLIGHTS

  • Credit Tenant - United States Government - AAA Rated - in a Great Infill Location of Cedar City Utah
  • Single-Tenant Leased to Bureau of Land Management Building on 3.07-Acre Lot
  • Scheduled Rental Increases in 2030 and in 2034 - Built-in-Growth and Long-Term Upside
  • Attractive 7.66% Weighted Average Capitalization Rate in a Growing Regional Market

OVERVIEW

Marcus & Millichap is pleased to present the exceptional investment opportunity located at 176 DL Sargent Drive in Cedar City, Utah. The offering consists of a single-story, 18,026-square-foot office building secured by a long-term, 20-year firm lease to the Bureau of Land Management (BLM), which commenced on February 1, 2017. The lease features scheduled rent increases in 2030 and 2034, providing investors with built-in income growth and long-term stability guaranteed by a federal agency tenant. Backed by the full faith and credit of the U.S. federal government, the property offers strong security for income-focused investors. Strategically located in Cedar City, a growing regional hub, the property benefits from proximity to key federal lands and infrastructure while serving as an essential base for BLM operations. With an attractive weighted average cap rate of 7.66%, this offering is ideally suited for institutional investors or those seeking a long-term asset in an expanding market. Overall, the asset represents a rare opportunity to acquire a government-leased, AAA-rated, single-credit-tenant investment delivering stable and predictable cash flow with minimal risk.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

6.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

US Government - BLM - Rare Increases

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Service Station, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.07 AC

LAND SF

133,729 SF

ZONING

-

APN/PARCEL ID

B-1196-0019-0000

ASK ABOUT THIS PROPERTY

Alex MobinMarcus & MillichapMore Info
949-419-3276

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Alex MobinMarcus & MillichapMore Info
949-419-3276

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