Commercial Property for Sale in Orem Utah 84057
899 North Industrial Park Rd, Orem, Utah 84057
About this property
Commercial Property for Sale in Orem Utah 84057 is an industrial for sale in Orem, Utah, listed at $3,500,000. Key details: building size 24,206 sqft, lot size 43,560 sqft, building class Class A, property status Normal Sale. Listed by Michelle Nelson of NAI Excel on LoopingCloud and last updated September 5, 2024.
Strategically located near major highways, this property is just 500 feet from I-15 Exit 272, right off Canyon Parkway, offering excellent accessibility for logistics and commuting.
With industrial properties in Orem experiencing steady rental growth, this property offers rents significantly below market rates, presenting an exceptional value-add investment opportunity. The area boasts a low industrial vacancy rate of just 2%, ensuring nearly zero vacancy for this property.
Key highlights
- Lease Type NNN
- Lease Term 3 Years remaining
- Seller financing available
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Building Size
- 24,206 sqft
- Lot Size
- 43,560 sqft
- Building Class
- Class A
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $172,800
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $3,500,000 | 4.94% | - | - | - |
Features and amenities
Highlights
- Lease Type: NNN
- Lease Term: 3 Years remaining
- Seller financing available
Location
Address as shown by the lister.
Get directionsAbout this area - Orem
- Population
- 35,449
- Housing units
- 10,376
- Land area
- 6.3 sq mi
- County
- Utah
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Property for Sale in Orem Utah 84057?
Commercial Property for Sale in Orem Utah 84057 is listed at $3,500,000. That works out to about $145 per square foot. The stated cap rate is 4.94%.
Where is Commercial Property for Sale in Orem Utah 84057 located?
The property is in 899 North Industrial Park Rd, Orem, Utah 84057, Utah County.
What type of property is this?
This is an industrial for sale in the commercial category.
How big is the property?
The building is 24,206 sqft. The lot is 43,560 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Michelle Nelson of NAI Excel listed this property. Use the Request Info button to send a message or call (801) 619-2715.
When was this listing published?
It was published on September 5, 2024 and last updated on September 5, 2024.
Listing information
- Listing ID
- CL-Utah-11709
- Published
- Sep 5, 2024
- Last updated
- Sep 5, 2024
- Views
- 458
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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.
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