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2650 Washington Blvd
Ogden, UT 84401
Atrium at 2650 Washington · Office Property For Sale
Investment Highlights
- Value-add multi-tenant office investment
- Approximately $143,388 in annual rent upside
- Comprehensive renovation completed in 2024 High-visibility location near Downtown Ogden and WonderBlock
- $328,512 current NOI at a 5.50% cap rate
- Projected stabilized NOI of $471,900
- New roof and HVAC systems with planned solar installation Recent leases support market rents of $26.00/SF or higher
Executive Summary
Atrium at 2650 Washington is a value-add, multi-tenant office investment offered at $5,972,945. The property generates approximately $328,512 in current NOI, representing a 5.50% cap rate. Recent leasing activity within the building supports market rents of approximately $26.00/SF or higher. Through lease-up and mark-to-market execution, the property is projected to generate approximately $471,900 in stabilized NOI. Ownership completed a comprehensive renovation in 2024, including new roof and HVAC systems, substantially reducing near-term capital requirements.
Property Facts
Sale Type
Investment
Property Type
Building Size
23,194 SF
Building Class
B
Year Built/Renovated
1928/2024
Price
$5,972,945
Price Per SF
$257.52
Cap Rate
5.50%
NOI
$328,512
Percent Leased
92%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,597 SF
Building FAR
1.66
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
C-MU - Commercial Mixed-Use
Parking
52 Spaces (2.24 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Conferencing Facility
- Signage
- Wheelchair Accessible
- Reception
- Air Conditioning
- Solar Panels
1 of 105
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