For Sale
$16,995,000

525 850Lehi, UT 84043

73,172 SF Multi-Tenant Office, 5.80% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional multi-tenant office building presents a compelling investment opportunity in the thriving Lehi, Utah market. Boasting a substantial 73,172 square feet of space, the property is ideally situated on a 3.94-acre lot, zoned C-H (Heavy Commercial), offering significant potential for growth and expansion. Constructed between 2013 and 2022, the Class B building benefits from a prime location, conveniently nestled between two I-15 exits, ensuring easy accessibility for tenants and clients. The property's strategic placement provides excellent visibility and signage opportunities, further enhanced by its proximity to the vibrant retail and dining options at The Meadows in Lehi. Currently operating under a NNN lease structure, this multi-tenant property is offered at an attractive asking price of $16,995,000, representing a compelling 5.80% capitalization rate. This presents a rare chance to acquire a well-located, high-performing asset in one of Utah's fastest-growing commercial centers. The property's size, location, and strong cap rate make it an ideal addition to any diversified investment portfolio. Detailed financial information and lease terms are available upon request.

Highlights

  • $16,995,000 asking price.
  • 73,172 square foot Class B office building.
  • Multi-tenant property with a NNN lease structure.
  • 5.80% cap rate.
  • Located at 525 S 850 E, Lehi, UT 84043.

Property Details for 525 850

Property type
Office properties
Square Feet
73,172 SF
Class
B

Location Insight

City
Lehi
County
Utah
State
Utah
Latitude
40.3819921
Longitude
-111.8340329
525 850, Lehi, Utah

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525 850
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