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1355 W 465 S 6,290 SF 1% Leased Industrial Building Orem, UT 84058 $1,500,000 ($238.47/SF)
Investment Highlights
- Newer Roof & Newer HVACs
- Largely Open Layout; Easy to Demise
Executive Summary
Prime Location: 6,290 sq ft building on .44 acres with bountiful parking and a secure, private fenced yard. This versatile building boasts 4,000sf on the main floor and 2,290sf in the basement. Zoned M2, which allows many commercial, industrial, and retail uses. Orem Land Use Table attached. Single Phase, 200AMP Power with three-phase capability ready. Current configuration includes 1,350sf of newer office space (lobby, three private offices, and conference room), two bathrooms, laundry, and breakroom. The remaining footage on the main floor is improved general use space, which has a 12'x8' and 6'x8' garage doors leading out the large loading dock. The basement is accessed by secure safe doors, with a third safe door dividing the basement in half. Basement is prime for storage or manufacturing. New Roof in 2021. All three HVACs newer (2020, 2021, 2024).Incredible owner/operator or investor opportunity.
Property Facts
| Price | $1,500,000 | Rentable Building Area | 6,290 SF |
| Price Per SF | $238.47 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built/Renovated | 1979/2024 |
| Property Type | Industrial | Parking Ratio | 3.5/1,000 SF |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 1 |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.44 AC | ||
| Zoning | M-2 - See attached Orem Land Use Table | ||
| Price | $1,500,000 |
| Price Per SF | $238.47 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 0.44 AC |
| Rentable Building Area | 6,290 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2024 |
| Parking Ratio | 3.5/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | M-2 - See attached Orem Land Use Table |
Amenities
- Fenced Lot
- Reception
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- JP Cooling & Heating
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| JP Cooling & Heating | - | - | - | - |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 42-021-0031 | Improvements Assessment | $251,100 |
| Land Assessment | $275,900 | Total Assessment | $527,000 |
Property Taxes
Parcel Number
42-021-0031
Land Assessment
$275,900
Improvements Assessment
$251,100
Total Assessment
$527,000
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1355 W 465 S