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The iCreate Building 2230 N University Pky 11,426 SF 100% Leased Office Building Provo, UT 84604 $2,500,000 ($218.80/SF) 7.08% Cap Rate
Executive Summary
Investment Opportunity Available!
Introducing the Banzai Building! Nestled at 2230 N. University Parkway in Provo, Utah, this versatile 11,426 SF property is now available for sale or lease. Boasting high visibility on the bustling University Parkway with 40,000 ADT, the Banzai Building sits in Historic Cotton Tree Square by the picturesque Provo River, strategically located between BYU and UVU.
Investment Opportunity Available
- NOI: $175,000
- Cap Rate: 7%
- 3% yearly rent increases in place
- Email brokers request for lease and financial details
- In Historic Cotton Tree Square
- On Provo River
- High University Parkway Exposure 40,000 ADT
- Between BYU and UVU
Introducing the Banzai Building! Nestled at 2230 N. University Parkway in Provo, Utah, this versatile 11,426 SF property is now available for sale or lease. Boasting high visibility on the bustling University Parkway with 40,000 ADT, the Banzai Building sits in Historic Cotton Tree Square by the picturesque Provo River, strategically located between BYU and UVU.
Investment Opportunity Available
- NOI: $175,000
- Cap Rate: 7%
- 3% yearly rent increases in place
- Email brokers request for lease and financial details
- In Historic Cotton Tree Square
- On Provo River
- High University Parkway Exposure 40,000 ADT
- Between BYU and UVU
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
11,426 SF
Building Class
B
Year Built
1985
Price
$2,500,000
Price Per SF
$218.80
Cap Rate
7.08%
NOI
$176,904
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,625 SF
Slab To Slab
11’
Building FAR
0.32
Lot Size
0.81 AC
Zoning
C-2 - Commerial Zone
Parking
25 Spaces (2.32 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 19-008-0041 | Improvements Assessment | $794,700 |
| Land Assessment | $926,500 | Total Assessment | $1,721,200 |
Property Taxes
Parcel Number
19-008-0041
Land Assessment
$926,500
Improvements Assessment
$794,700
Total Assessment
$1,721,200
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Matterport 3D Tour
Photos
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Map
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Contact the Sale Advisor
The iCreate Building | 2230 N University Pky