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33858548
33858553

774 S State St, Orem, UT 84058

SR
CA 02101543, NV B.1002366.CORP (+42)
ParaSell Inc
Listed by ParaSell Inc
$4,870,000
7 days on market
Updated 7 days ago

Department of Veteran Affairs (VA)

Details
Property Type Office
Sub Type Medical Office
Square Footage 13,387
Cap Rate 6.00%
NOI $292,217
Tenancy Single
Lease Expiration 11/17/2040
Rent Bumps Yes
Year Built 1999
Year Renovated 2019
Acreage 2.330
Parking Spaces 85 spaces
Parking Per SqFt 6.35
Investment Type Net Lease
Tenant Credit Credit Rated

Long-Term U.S. Government Lease | Essential Medical Use | 6:00% CAP

Marketing description

A long-term federal government medical investment leased to the United States Department of Veterans Affairs in the Mountain West Region. The facility is positioned on a signalized hard corner with multiple access points and ample parking in one of the region’s primary north-south commercial corridors. It benefits from dense, affluent, growing demographics, with a population of 231,324 within a 5-mile radius.

Investment highlights

Long-Term Lease to the U.S. Government: Secured by a 20-year net lease to the Department of Veterans Affairs, backed by the full faith and credit of the U.S. Government

Essential Medical Use: Internet-resistant healthcare tenancy supported by an overall shortage of VA facilities and consistent long-term demand

Significant Tenant & Landlord Investment: The building was completely rebuilt in 2020 with no deferred maintenance

Listing Contacts

SR
CA 02101543, NV B.1002366.CORP (+42)
ParaSell Inc
Listed by ParaSell Inc

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Loan Amount
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$292,217.00
$24,351.42/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

Map

Zoning

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C2 CommercialGeneral CommercialCommercial Zone
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Last updated Feb 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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