Listed by Colliers - Pleasant Grove - Utah County, Utah, Colliers - Salt Lake City, Utah
$2,500,000
iCreate Building
Details
APN 19:008:0041
Property Type Office, Retail
Sub Type Sports/Entertainment, Storefront
Square Footage 11,426
Units 4
Cap Rate 7.10%
NOI $176,904
Occupancy 100%
Tenancy Single
Lease Term 6
Lease Expiration 06/01/2032
Rent Bumps Yes
Class B
Year Built 1985
Year Renovated 2018
Buildings 1
Stories 2
Acreage 0.810
Zoning Commercial
Investment Type Stabilized
Lease Commencement 06/01/2026
Ground Lease No
Ceiling Height 10-14
Premier Office/Retail Space near BYU & UVU
Marketing description
Introducing the Banzai Building! Nestled at 2230 N. University Parkway in Provo, Utah, this versatile 11,426 SF property is now available for sale or lease. Boasting high visibility on the bustling University Parkway with 40,000 ADT, the Banzai Building sits in Historic Cotton Tree Square by the picturesque Provo River, strategically located between BYU and UVU.
Investment highlights
- Investment Opportunity Available
- NOI: $175,000
- Cap Rate: 7%
- 3% yearly rent increases in place
- Email brokers request for lease and financial details
- In Historic Cotton Tree Square
- On Provo River
- High University Parkway Exposure 40,000 ADT
- Between BYU and UVU
Listing Contacts
Listed by Colliers - Pleasant Grove - Utah County, Utah, Colliers - Salt Lake City, Utah
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$176,904.00
$14,742.00/mo
Valuation Metrics
0
DSCR
7.08%
Cap Rate
7.08%
ROI
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