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Eclipse Office Building 2601 N Canyon Rd 18,079 SF 100% Leased Office Building Provo, UT 84604 $2,750,000 ($152.11/SF) 7.96% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully renovated
- EV charging
- underground parking
EXECUTIVE SUMMARY
Prime Owner-User Office Building For Sale Near BYU & Provo’s East Bench
This is a rare opportunity to acquire a versatile office building ideally suited for an owner-user or investor in one of Provo’s most sought-after locations. Situated near BYU and the highly desirable East Bench, this 18,079 square-foot property has been fully updated and offers immediate functionality with built-in income and flexible use options.
Property Highlights:
* Total Size: 18,079 SF
* Current Occupancy: 4,590 SF leased (with potential to renew or vacate)
* Sales Price: $2,750,000 ($152.11/SF)
* Pro-Forma Cap Rate: 7.5%
* Occupancy Options: Fully occupy or maintain/renew current tenants
* Financing: Qualifies for SBA financing
* Bonus Features: 6,098 SF of underground parking, storage, and fully equipped film & podcast studios with EV charging stations.
The building’s unique mix of creative space, underground amenities, and excellent location make it ideal for media, tech, education-related, or professional services users. Whether you’re looking for a flagship headquarters or a hybrid investment, this asset offers exceptional value and flexibility in a thriving Provo submarket.
This is a rare opportunity to acquire a versatile office building ideally suited for an owner-user or investor in one of Provo’s most sought-after locations. Situated near BYU and the highly desirable East Bench, this 18,079 square-foot property has been fully updated and offers immediate functionality with built-in income and flexible use options.
Property Highlights:
* Total Size: 18,079 SF
* Current Occupancy: 4,590 SF leased (with potential to renew or vacate)
* Sales Price: $2,750,000 ($152.11/SF)
* Pro-Forma Cap Rate: 7.5%
* Occupancy Options: Fully occupy or maintain/renew current tenants
* Financing: Qualifies for SBA financing
* Bonus Features: 6,098 SF of underground parking, storage, and fully equipped film & podcast studios with EV charging stations.
The building’s unique mix of creative space, underground amenities, and excellent location make it ideal for media, tech, education-related, or professional services users. Whether you’re looking for a flagship headquarters or a hybrid investment, this asset offers exceptional value and flexibility in a thriving Provo submarket.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
18,079 SF
Building Class
B
Year Built/Renovated
1995/2006
Price
$2,750,000
Price Per SF
$152.11
Cap Rate
7.96%
NOI
$218,900
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,990 SF
Slab To Slab
11’
Building FAR
0.60
Lot Size
0.69 AC
Zoning
PO - Professional Office
Parking
37 Spaces (2.05 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Controlled Access
- Conferencing Facility
- Signage
- Reception
- Storage Space
- Car Charging Station
- Monument Signage
- Fiber Optic Internet
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PROPERTY TAXES
| Parcel Number | 47-141-0001 | Improvements Assessment | $1,785,400 |
| Land Assessment | $699,300 | Total Assessment | $2,484,700 |
PROPERTY TAXES
Parcel Number
47-141-0001
Land Assessment
$699,300
Improvements Assessment
$1,785,400
Total Assessment
$2,484,700
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Eclipse Office Building | 2601 N Canyon Rd
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