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483 W 2310 N 10,608 SF Specialty Building Offered at $5,800,000 at a 5.88% Cap Rate in Provo, UT 84604
INVESTMENT HIGHLIGHTS
- Triple Net Lease
- Option to renegotiate the lease terms prior to sale
EXECUTIVE SUMMARY
Offered for sale is a 10,608 SF single-tenant commercial building leased to a Paul Mitchell School location. The offering is for the real estate only. The operating business is not included. Constructed in 2022, the property features modern building systems and contemporary construction, minimizing near-term capital expenditure risk. The asset is secured by a Triple Net Lease, providing investors with a highly passive ownership structure where the tenant is responsible for taxes, insurance, and maintenance. This results in predictable cash flow and minimal management requirements. The property is situated in a robust Provo submarket within Utah County, an area renowned for its consistent population growth, a highly educated workforce, and a diverse economic base, anchored by major universities and the expanding Silicon Slopes tech corridor. Strong in-migration and limited availability of newer products continue to support long-term real estate fundamentals. This offering is ideal for investors seeking a low-maintenance, newer construction NNN asset in a high-growth Utah market. The lease terms can be renegotiated before the sale.
Please contact co-agent Terry Bailey at 801-404-6896 if you have any further questions.
Please contact co-agent Terry Bailey at 801-404-6896 if you have any further questions.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $5,800,000 | Lot Size | 1.15 AC |
| Price Per SF | $546.76 | Building Size | 10,608 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.88% | Year Built | 2022 |
| Property Type | Specialty | Parking Ratio | 9.43/1,000 SF |
| Price | $5,800,000 |
| Price Per SF | $546.76 |
| Sale Type | Investment |
| Cap Rate | 5.88% |
| Property Type | Specialty |
| Lot Size | 1.15 AC |
| Building Size | 10,608 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 9.43/1,000 SF |
1 1
Bike Score®
Very Bikeable (77)
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483 W 2310 N
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