
Central Park West
Office | 46,095 SqFt
Marketing description
PROPERTY SPECS
• 46,095 SF
• Sale Price: $10,371,375.00 ($225 PSF)
• Central Location
• Fiber in Building
• Excellent Parking
• UTA stop right next to the building
• Fitness Center in neighboring Central Park East
• New outdoor basketball and pickleball court
Investment highlights
Positioned at 1875 S. State Street in Orem, this exceptional investment opportunity offers an outstanding combination of scale, stability, and location. Encompassing 46,095 square feet and attractively priced at $195/SF ($8,988,525), the property delivers a solid 5.5% cap rate with just 5% vacancy. Ideally located near both Brigham Young University and Utah Valley University, it benefits from consistent demand driven by a thriving local economy anchored by major technology companies, healthcare providers, and educational institutions. Tenants enjoy newly renovated office suites, ample parking, easy access to public transportation, and premium amenities including an indoor fitness center, racquetball courts, and new basketball and pickleball courts. With credit tenants in place and full ADA compliance, this asset presents a compelling opportunity for investors seeking reliable income and long-term appreciation in one of Utah’s most dynamic markets.
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