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Investment Highlights

  • Anchored by Intermountain Health (IHC) — Utah's largest healthcare system on a 10-year NNN lease of the entire 7,097 SF main floor
  • 86% pre-leased new construction — Class A medical office delivering September 2026
  • NNN leases at $30.00/SF — minimal landlord responsibilities
  • 9.5-year WALT with 3% annual escalations on all in-place leases
  • $302,880 NOI at a 5.50% cap — priced at bank-supported valuation
  • Built-in upside: final 1,434 SF suite available; stabilizes at 100% occupancy

Executive Summary

1318 E Eagle Mountain Blvd presents a rare opportunity to acquire a newly constructed Class A medical office investment anchored by Intermountain Healthcare, one of the region's most recognized healthcare providers. Scheduled for completion in September 2026, the property consists of 10,096 rentable square feet on a 0.96-acre parcel positioned along Eagle Mountain's primary commercial corridor. The building is strategically designed to serve the rapidly expanding healthcare needs of one of the fastest-growing communities in the United States. The 7,097-square-foot ground floor is fully leased to Intermountain Healthcare, providing a strong credit anchor and institutional-quality tenancy. An additional 1,565 square feet on the second floor is subject to a signed Letter of Intent with a mental health provider, bringing the project to approximately 86% committed occupancy prior to completion. Ownership's objective is to lease the remaining 1,434 square feet prior to disposition, delivering a fully stabilized asset to the market. The remaining space is being actively marketed to complementary medical, behavioral health, and professional office users, creating an opportunity for future ownership to acquire a newly constructed, fully leased medical office investment with minimal lease-up risk. The second floor is designated for professional or medical administrative office use, creating a synergistic environment for healthcare and professional service providers. Eagle Mountain's population has grown from fewer than 250 residents in 1996 to more than 70,000 residents today and is projected to exceed 175,000 residents at full build-out. Continued residential development, combined with significant regional investment from employers including Meta, Tyson Foods, Walmart, and other major corporations, has accelerated demand for healthcare, professional services, and commercial real estate throughout the market. With limited Class A medical inventory, strong demographic fundamentals, and Intermountain Healthcare serving as the anchor tenant, 1318 E Eagle Mountain Blvd represents a unique opportunity to acquire a newly constructed, fully stabilized medical office asset in one of Utah's fastest-growing communities. Square footage figures are provided as a courtesy estimate only and were obtained from building plans. Buyer is advised to obtain an independent measurement.

Data Room Click Here to Access

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Build to Suit
Property Type
Office
Property Subtype
Medical
Building Size
10,096 SF
Building Class
C
Year Built
2026
Price
$5,499,990
Price Per SF
$544.77
Cap Rate
5.51%
NOI
$302,880
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,048 SF
Building FAR
0.24
Lot Size
0.96 AC
Zoning
CN - Community Neighborhood- This property borders residential neighborhoods and city requires business to be friendly to residential.

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • IHC
  • Health Care and Social Assistance
  • 7,000 SF
  • -
  • Triple Net
  • -
  • Reach Therapy
  • Health Care and Social Assistance
  • 1,500 SF
  • $30.00
  • Triple Net
  • May 2033
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
IHC Health Care and Social Assistance 7,000 SF - Triple Net -
Reach Therapy Health Care and Social Assistance 1,500 SF $30.00 Triple Net May 2033

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste 100
  • 1,500 SF
  • Office/Medical
  • Shell Space
  • Now

Pony Express Medical Office Building is looking for Medical Professionals to lease out for their expanding business. Developer/ Builder is willing to complete the Tenant Improvements or bring your own GC.

Space Size Space Use Build-Out Available
1st Fl-Ste 100 1,500 SF Office/Medical Shell Space Now

1st Fl-Ste 100

Size
1,500 SF
Space Use
Office/Medical
Build-Out
Shell Space
Available
Now

1st Fl-Ste 100

Size 1,500 SF
Space Use Office/Medical
Build-Out Shell Space
Available Now

Pony Express Medical Office Building is looking for Medical Professionals to lease out for their expanding business. Developer/ Builder is willing to complete the Tenant Improvements or bring your own GC.

Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
  • Listing ID: 36146845

  • Date on Market: 6/6/2025

  • Last Updated:

  • Address: 1318 E Eagle Mountain Blvd, Eagle Mountain, UT 84005

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