971-1221 S University Ave - Storefront FOR SALE


Provo, UT 84601- East Bay
$27,500,000 USD
925-765-7437
971-1221 S University Ave, Provo, UT for Sale
$27,500,000 USD
Storefront - FOR SALE
1/10
null | 7.51% Cap Rate

971-1221 S University Ave
Provo, UT 84601
East Bay


OVERVIEW

Prime Retail Investment – 171,121 SF shopping center in Provo, UT, 95.86% leased with national tenants. High Visibility & Foot Traffic – Located off I-15 with 127,000 AADT, near BYU, UVU, and Provo Towne Centre redevelopment. Major Anchors & Growth Potential – Staples, Les Schwab, Harbor Freight, and Sam’s Club; positioned in a federally designated Opportunity Zone. Booming Market & Infrastructure – Near Provo Airport’s $75M expansion and $20M sports complex, drawing 89,000+ visitors annually. Attractive Investment Metrics – $27.5M price, 7.51% cap rate, $2.07M NOI, with recent roof and HVAC upgrades.

FOR SALE DETAILS

PRICE

$27,500,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

7.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

382

LAND DETAILS

LAND ACRES

14.31 AC

LAND SF

623,344 SF

ZONING

SC3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Nate MonsonColliersMore Info
925-765-7437

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Nate MonsonColliersMore Info
925-765-7437

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