240-254 W Center - Office FOR SALE


Orem, UT 84057- Suncrest
$2,937,600 USD
385-866-3007
240-254 W Center, Orem, UT for Sale
$2,937,600 USD
Office - FOR SALE
1/2
null | 7.76% Cap Rate

240-254 W Center
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

-Owner Occupy 4,400 or 8,800 SF on the main floor. The second floor is leased to JUB Engineering, a long-standing tenant that has been in the building for the last 23 years and has no desire to move. - Annual Rent bumps - New Roof, multiple new HVAC units, and Parking lot resurfaced and sealed in 2025. -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

7.76%

% 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

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 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.