483 W 2310 N - Specialty FOR SALE


Provo, UT 84604- Riverside
$5,800,000 USD
801-404-6896
483 W 2310 N, Provo, UT for Sale
$5,800,000 USD
Specialty - FOR SALE
1/45
null | 5.88% Cap Rate

483 W 2310 N
Provo, UT 84604
Riverside


HIGHLIGHTS

  • Triple Net Lease
  • Option to renegotiate the lease terms prior to sale

OVERVIEW

Offered for sale is a 10,608 SF single-tenant commercial building leased to a Paul Mitchell School location. The offering is for the real estate only. The operating business is not included. Constructed in 2022, the property features modern building systems and contemporary construction, minimizing near-term capital expenditure risk. The asset is secured by a Triple Net Lease, providing investors with a highly passive ownership structure where the tenant is responsible for taxes, insurance, and maintenance. This results in predictable cash flow and minimal management requirements. The property is situated in a robust Provo submarket within Utah County, an area renowned for its consistent population growth, a highly educated workforce, and a diverse economic base, anchored by major universities and the expanding Silicon Slopes tech corridor. Strong in-migration and limited availability of newer products continue to support long-term real estate fundamentals. This offering is ideal for investors seeking a low-maintenance, newer construction NNN asset in a high-growth Utah market. The lease terms can be renegotiated before the sale. Please contact co-agent Terry Bailey at 801-404-6896 if you have any further questions.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$547 USD /SF

CAP RATE

5.88%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

-

APN/PARCEL ID

51-733-0016

ASK ABOUT THIS PROPERTY

Terry BaileyRE/MAX ResultsMore Info
801-404-6896

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Terry BaileyRE/MAX ResultsMore Info
801-404-6896

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