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525 S 850 E 73,172 SF 84% Leased Office Building Lehi, UT 84043 $14,900,000 ($203.63/SF) 7.66% Cap Rate
Investment Highlights
- 73,172 Total Square FT Heavy Commercial building located between two I-15 Lehi exits
Executive Summary
Multi- Tenant Office Investment in highly desirable Lehi location!
6% CAP Estimated Stabilized NOI
Building Size: 73,172 Total Square Feet
Price: $14,900,000
Year Built: 2013 - 2022
Total Land: 3.94 acres
Property Type: Multi Tenant Office
Zoning: C-H (Heavy Commercial)
Conveniently Located Between Two I-15 Exits
Great Building Signage
Close Access to Restaurants and Shopping at The Meadows in Lehi
Contact Broker for information regarding the property and improvements.
6% CAP Estimated Stabilized NOI
Building Size: 73,172 Total Square Feet
Price: $14,900,000
Year Built: 2013 - 2022
Total Land: 3.94 acres
Property Type: Multi Tenant Office
Zoning: C-H (Heavy Commercial)
Conveniently Located Between Two I-15 Exits
Great Building Signage
Close Access to Restaurants and Shopping at The Meadows in Lehi
Contact Broker for information regarding the property and improvements.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
73,172 SF
Building Class
B
Year Built
2013
Price
$14,900,000
Price Per SF
$203.63
Cap Rate
7.66%
NOI
$1,141,200
Percent Leased
84%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
36,586 SF
Building FAR
0.43
Lot Size
3.94 AC
Zoning
C-H - Heavy Commercial / Commercial
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Property Taxes
| Parcel Number | 35-627-0001 | Improvements Assessment | $14,472,900 |
| Land Assessment | $1,882,000 | Total Assessment | $16,354,900 |
Property Taxes
Parcel Number
35-627-0001
Land Assessment
$1,882,000
Improvements Assessment
$14,472,900
Total Assessment
$16,354,900
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525 S 850 E
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