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Post Office Place Building #5 240 W Center St 17,280 SF 100% Leased Office Building Orem, UT 84057 $2,937,600 ($170/SF) 7.29% Cap Rate
INVESTMENT HIGHLIGHTS
- High Traffic Area
- Brand New Roof
- 100 % Occupany and a history of no vacancy for the last 20 years.
- Close I-15 & Freeway Access
- Newly Resurfaced Parking Lot
EXECUTIVE SUMMARY
- Building 5 has two great tenants, JUB Engineering a long standing tenant that has been at the complex for the last 23 years and has no desire to move. Second is Certus Accounting group, who manage the accounting for businesses such as Crumbl, and other large brands.
- With recent renovations such as a brand new parking lot, Hvac units, and roof this is a great investment for anyone wanting locationally strong commercial real estate.
- Annual Rent bumps
- New Roof, HVAC and Parking lot.
-This can also be a covered land play for multifamily
- This building has the potential to be rented out to four separate tenants with suites of about 4,400 SF.
- With recent renovations such as a brand new parking lot, Hvac units, and roof this is a great investment for anyone wanting locationally strong commercial real estate.
- Annual Rent bumps
- New Roof, HVAC and Parking lot.
-This can also be a covered land play for multifamily
- This building has the potential to be rented out to four separate tenants with suites of about 4,400 SF.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
17,280 SF
Year Built/Renovated
1997/2023
Price
$2,937,600
Price Per SF
$170
Cap Rate
7.29%
NOI
$214,151
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,640 SF
Zoning
C2, Residential 6.5 - Zoning Currently Permits the use of all commercial,
There is a high likelyhood of Residential 6.0-6.5 to be accepted on the site down the road.
AMENITIES
- 24 Hour Access
- Monument Signage
- Air Conditioning
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Post Office Place Building #5 | 240 W Center St
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