240 W Center St - Office FOR SALE


Orem, UT 84057- Suncrest
$2,937,600 USD
385-866-3007
240 W Center St, Orem, UT for Sale
$2,937,600 USD
Office - FOR SALE
1/2
null | 7.29% Cap Rate

240 W Center St
Orem, UT 84057
Suncrest


HIGHLIGHTS

  • High Traffic Area
  • Close I-15 & Freeway Access
  • Brand New Roof
  • Newly Resurfaced Parking Lot
  • 100 % Occupany and a history of no vacancy for the last 20 years.

OVERVIEW

- Building 5 has two great tenants, JUB Engineering a long standing tenant that has been at the complex for the last 23 years and has no desire to move. Second is Certus Accounting group, who manage the accounting for businesses such as Crumbl, and other large brands. - With recent renovations such as a brand new parking lot, Hvac units, and roof this is a great investment for anyone wanting locationally strong commercial real estate. - Annual Rent bumps - New Roof, HVAC and Parking lot. -This can also be a covered land play for multifamily - This building has the potential to be rented out to four separate tenants with suites of about 4,400 SF.

FOR SALE DETAILS

PRICE

$2,937,600 USD

PRICE/SF

$170 USD /SF

CAP RATE

7.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Post Office Place Building #5

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C2, Residential 6.5

APN/PARCEL ID

49:314:0006

ASK ABOUT THIS PROPERTY

Bryant ParkerColliersMore Info
385-866-3007

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Bryant ParkerColliersMore Info
385-866-3007

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