For Sale
$58,969,339

747 Main StBrigham City, UT 84302

165-unit, Class A apartment complex

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, five-building, 165-unit Class A apartment complex in Brigham City, Utah. Located on Main Street, this 2025-built property boasts 198,681 square feet, with 161,192 square feet of net rentable space. The property sits on a 6.7-acre lot and includes 255 parking spaces. Each of the three-story buildings offers modern amenities and design features, catering to today's discerning renter. The property's prime location provides easy access to shopping, dining, and historical sites. With a strong NOI of $2,653,620 and a 4.50% cap rate, this property offers a compelling return on investment. The asking price is $58,969,339, translating to $357,390 per unit and $296.80 per square foot. The property is zoned P-R-M-30 and features a high-demand location in a rapidly growing market, making it an ideal investment for those seeking significant returns. This is a rare opportunity to acquire a landmark property in a thriving Utah community. The property's size and modern design, combined with its strategic location, make it a highly attractive investment prospect. The strong rental demand in Brigham City, coupled with the property's high-quality construction and amenities, ensures a stable and profitable future. This is a unique chance to own a piece of Brigham City's burgeoning growth.

Highlights

  • High-visibility Main Street location near shopping, dining, and historical sites.
  • Brand-new, 165-unit multifamily development in a high-demand market.
  • $58,969,339 asking price, 4.50% cap rate, $2,653,620 NOI.
  • 198,681 total square feet, 161,192 net rentable square feet, $296.80 price per square foot.
  • $357,390 price per unit.

Property Details for 747 Main St

Property type
Apartment buildings
Square Feet
198,681 SF
Class
A
Year Built
2025
Buildings
5
Stories
3
Lot Size (sq. ft)
291,852 SF
Units
165

Location Insight

City
Brigham City
County
Box Elder
State
Utah
Latitude
41.494109974054
Longitude
-112.01429018844
747 Main St, Brigham City, Utah

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747 Main St
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