Summit Commercial Advisors
Listed by Summit Commercial Advisors
$8,151,080
1640 South State St
Details
APN 19-022-0004
Property Type Office
Sub Type Executive Office
Square Footage 37,774
NOI $464,489
Occupancy 7.5%
Tenancy Multi
Lease Type NNN
Price per SqFt $98
Year Built 1980
Stories 2
Acreage 1.420
Parking Spaces 50 spaces
Parking Per SqFt 1.32
Office | 37,774 SqFt
Marketing description
This offering includes 37,774 SF of office / retail space in the heart of the most amenity-rich and quickly developing section of the Provo/Orem, Utah metro.
The Property sits just blocks away from where Orem and Provo join, it is the neighbor to University Mall, Trader Joes, Costco, Cinemark Theater, numerous quick-serve and formal restaurants, and endless retailers who choose this location because it is the exact center point between Brigham Young University and Utah Valley University (over 66,000 students in total).
Listing Contacts
Summit Commercial Advisors
Listed by Summit Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$464,489.00
$38,707.42/mo
Valuation Metrics
0
DSCR
5.7%
Cap Rate
5.7%
ROI
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