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24185684
24185685

1418 W Center Street, Orem, UT 84057

JM
UT UT 5502445-SA00
Colliers - Pleasant Grove - Utah County, Utah
Listed by Colliers - Pleasant Grove - Utah County, Utah
$2,400,000
348 days on market
Updated 30 days ago

Plaza Center

Details
APN 180090181, 180090179
Property Type Industrial
Sub Type Flex
Square Footage 8,400
Units 2
Occupancy 52.68%
Tenancy Multi
Lease Type NNN
Lease Term 4.9
Lease Expiration 03/01/2029
Remaining Term 2.7
Rent Bumps Yes
Price per SqFt $286
Class B
Year Built 2006
Buildings 1
Stories 1
Acreage 0.430
Zoning M-2
Parking Spaces per 1,000 sq ft
Investment Type Owner/User
Lease Commencement 04/01/2024
Ceiling Height 20
Ownership 1418 WEST LLC
Sale Condition For sale by owner

Stable Income from Existing Lease with Room for Owner Occupancy

Marketing description

This 8,400 SF flex/industrial building offers a versatile opportunity for both investors and owner/users. Suite 101 (4,425 SF) is leased through March 2029, providing in-place income, while Suite 102 is available for immediate owner occupancy. The property features 20' clear height, 3-phase power, two grade-level doors (one per unit), and approximately 18 on-site parking stalls. Situated on 0.431 acres with easy freeway access, this is a well-located asset in the heart of Provo. Shown by appointment only. Please do not disturb tenant.

Investment highlights

  • 8,400 SF Flex/Industrial Building on 0.431 acres

  • Suite 101 (4,425 SF) leased through March 2029

  • Suite 102 available for immediate owner/user occupancy

  • 20’ Clear Height | 3-Phase Power | 2 Grade-Level Doors

  • Approx. 18 On-Site Parking Stalls

  • Convenient Freeway Access in Central Provo

Listing Contacts

JM
UT UT 5502445-SA00
Colliers - Pleasant Grove - Utah County, Utah
Listed by Colliers - Pleasant Grove - Utah County, Utah

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Additional Information

Name
John Monson
License
UT 5502445-SA00
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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