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Investment Highlights

  • Very rare features to Provo/Orem submarket: underground parking and secure storage
  • Third floor balcony with stunning mountain views
  • Modern kitchens on each floor

Executive Summary

BUILDING INFORMATION:
Total Square Feet: 122,514
Floors: 4
Lot Size: 7.5 Acres
Reduced Lease Rate: $18.00 - $24.00 Per Square Foot / Full Service
Offering Price: $20,225,000
Parking: Ample
Garden Level: $18.00/SF Full Service
First/Second Floors: $21.00/SF Full Service
Third Floor: $24.00/SF Full Service
2 Story Lobby entrance
Deluxe, modern kitchens available on
each floor
Fully remodeled
Underground parking, secure storage and
amenity space in lower level
Back-up generator enclosure available
Fitness center
New 3rd floor roof-top patio
Loading dock and freight elevator
Fiber connectivity
State-of-the-art electronic card reader access to
the building, elevators and common area lobbies
Convenient location: directly accessible
from University Avenue, a four lane arterial
connecting to I-15 to the south, or from 800
North in Orem.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
122,514 SF
Building Class
B
Year Built/Renovated
1995/2017
Price
$20,225,000
Price Per SF
$165.08
Percent Leased
Vacant
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
30,629 SF
Slab To Slab
13’
Building FAR
0.38
Lot Size
7.50 AC
Zoning
RBP - RBP Zoning
Parking
439 Spaces (3.7 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Controlled Access
  • Security System
  • Signage
  • Kitchen
  • Roof Terrace
  • Storage Space
  • Basement
  • Central Heating
  • Natural Light
  • Open-Plan
  • Reception
  • Outdoor Seating
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Vacant space
  • -
  • 9,180 SF
  • -
  • -
  • Varioius Basement Storage
  • -
  • 11,365 SF
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Vacant space - 9,180 SF - -
Varioius Basement Storage - 11,365 SF - -

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • Basement
  • 9,180 SF
  • Office
  • Full Build-Out
  • 30 Days
  • 1st Floor
  • 36,399 SF
  • Office
  • Full Build-Out
  • 30 Days
  • 2nd Floor
  • 38,574 SF
  • Office
  • Full Build-Out
  • 30 Days
  • 3rd Floor
  • 26,996 SF
  • Office
  • Full Build-Out
  • 30 Days
Space Size Space Use Build-Out Available
Basement 9,180 SF Office Full Build-Out 30 Days
1st Floor 36,399 SF Office Full Build-Out 30 Days
2nd Floor 38,574 SF Office Full Build-Out 30 Days
3rd Floor 26,996 SF Office Full Build-Out 30 Days

Basement

Size
9,180 SF
Space Use
Office
Build-Out
Full Build-Out
Available
30 Days

1st Floor

Size
36,399 SF
Space Use
Office
Build-Out
Full Build-Out
Available
30 Days

2nd Floor

Size
38,574 SF
Space Use
Office
Build-Out
Full Build-Out
Available
30 Days

3rd Floor

Size
26,996 SF
Space Use
Office
Build-Out
Full Build-Out
Available
30 Days

Basement

Size 9,180 SF
Space Use Office
Build-Out Full Build-Out
Available 30 Days

1st Floor

Size 36,399 SF
Space Use Office
Build-Out Full Build-Out
Available 30 Days

2nd Floor

Size 38,574 SF
Space Use Office
Build-Out Full Build-Out
Available 30 Days

3rd Floor

Size 26,996 SF
Space Use Office
Build-Out Full Build-Out
Available 30 Days

Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
51-176-0001
Land Assessment
$3,457,500
Improvements Assessment
$12,891,000
Total Assessment
$16,348,500
  • Listing ID: 38925523

  • Date on Market: 12/4/2019

  • Last Updated:

  • Address: 382 W Park Cir, Provo, UT 84604

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