Listed by Colliers - Pleasant Grove - Utah County, Utah, Colliers Salt Lake City Downtown
$2,937,600
Post Office Place Building #5
Details
APN 49:314:0006
Property Type Office
Sub Type Executive Office
Square Footage 17,280
Net Rentable (SqFt) 17,280
Units 4
Cap Rate 7.29%
NOI $214,066
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $170
Broker Co-Op Yes
Year Built 1997
Year Renovated 2023,2025
Buildings 1
Stories 2
Acreage 0.365
Zoning C2, R6.5
Investment Type Value Add
Future Multifamily Development
Marketing description
- Building 5 has two great tenants, JUB Engineering a long standing tenant that has been at the complex for the last 23 years and has no desire to move. Second is Certus Accounting group, who manage the accounting for businesses such as Crumbl, and other large brands.
- With recent renovations such as a brand new parking lot, Hvac units, and roof this is a great investment for anyone wanting locationally strong commercial real estate.
- Annual Rent bumps
- New Roof, HVAC and Parking lot.
-This can also be a covered land play for multifamily
- This building has the potential to be rented out to four separate tenants with suites of about 4,400 SF.
Listing Contacts
Listed by Colliers - Pleasant Grove - Utah County, Utah, Colliers Salt Lake City Downtown
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$214,066.00
$17,838.83/mo
Valuation Metrics
0
DSCR
7.29%
Cap Rate
7.29%
ROI
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