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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!
7.78% CAP Estimated Stabilized NOI
Building Size: 73,172 Total Square Feet
Price: $14,700,000
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.

Data Room Click Here to Access

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $1,393,895 $19.05
Other Income - -
Vacancy Loss - -
Effective Gross Income $1,393,895 $19.05
Taxes $141,433 $1.93
Operating Expenses $108,200 $1.48
Total Expenses $249,633 $3.41
Net Operating Income $1,144,262 $15.64

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $1,393,895
Annual Per SF $19.05
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $1,393,895
Annual Per SF $19.05
Taxes
Annual $141,433
Annual Per SF $1.93
Operating Expenses
Annual $108,200
Annual Per SF $1.48
Total Expenses
Annual $249,633
Annual Per SF $3.41
Net Operating Income
Annual $1,144,262
Annual Per SF $15.64

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
73,172 SF
Building Class
B
Year Built
2013
Price
$14,700,000
Price Per SF
$200.90
Cap Rate
7.78%
NOI
$1,143,660
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

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Construction
  • -
  • -
  • -
  • -

Action Solar is a fully-integrated, full service Solar provider. Solar is the cleaner, safer way to power your home or business. They understand that converting to solar power isn't a "one size fits all." Their team of engineers and designers customize the panels and installation plan to best fit your needs. Their experienced sales, install and maintenance experts are equipped and ready to assist you every step of the way.

  • Services
  • -
  • -
  • -
  • -

Briostack’s powerful pest control software empowers you to improve efficiencies, drive more revenue, and improve customer satisfaction—all from a single, easy-to-use solution. See how our features help pest control companies surpass their growth goals.

  • Danville Services
  • -
  • -
  • -
  • -
  • -
  • Professional, Scientific, and Technical Services
  • -
  • -
  • Modified Gross
  • -

Starting in 2012, we began sourcing and selling our own products on Amazon. After gaining experience selling in a variety of categories and finding out what works, we started helping out other brands. Within a year, our focus began to shift, as more companies sought our help to promote and sell products on Amazon. Recognizing the growing needs of brands looking to find success on Amazon, we started consulting with and managing Amazon accounts. With years of experience, helping brands of all sizes succeed we have become a full-service Amazon account management company focused on improving rankings, boosting conversions and increasing sales velocity. Today, Evolved Commerce is an industry leader in Amazon brand management and sales acceleration, helping hundreds of brands navigate and thrive on the Amazon marketplace.

  • PF Staffing
  • -
  • -
  • -
  • -
  • -
  • Services
  • -
  • -
  • -
  • -

When pests invade a home or property, it’s important to address the issue quickly. Ridd Pest Control is here to help. Their team of experienced, locally-based pest control professionals treats each home with the care it deserves, always upholding high standards to ensure ongoing success and complete customer satisfaction. Ridd Pest Control aims to be more than just a service provider; they focus on building lasting relationships with each customer, fostering trust and long-term satisfaction. The company takes the protection of property seriously, and their commitment to quality work reflects this dedication.

  • Utah Behavior Services, Inc
  • -
  • -
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Construction - - - -
Services - - - -
Danville Services - - - - -
Professional, Scientific, and Technical Services - - Modified Gross -
PF Staffing - - - - -
Services - - - -
Utah Behavior Services, Inc - - - - -
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
35-627-0001
Land Assessment
$1,882,000
Improvements Assessment
$14,472,900
Total Assessment
$16,354,900
Annual Taxes
$141,433 ($1.93/SF)
Tax Year
2025
  • Listing ID: 25493459

  • Date on Market: 4/17/2022

  • Last Updated:

  • Address: 525 S 850 E, Lehi, UT 84043

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