For Sale
$1,200,000

195 Orem Blvd Orem, UT 84058

Orem, UT Office Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional two-story, 6,170 square foot Class B office building in Orem, Utah, presents a compelling investment opportunity. Located at 195 S Orem Blvd, this fully occupied (100%) multi-tenant property boasts a strong net operating income (NOI) of $78,826, generating a 6.57% cap rate. The asking price is $1,200,000, translating to $194.49 per square foot. Built in 1992, the building sits on a 0.4-acre lot and features recently updated lobbies and interior suites, enhancing its appeal to tenants. A prominent monument sign on Orem Blvd ensures high visibility. The property's central location provides easy access to major roadways and public transportation, benefiting from Orem's thriving economy and proximity to Utah Valley University. The property's features include one building, a triple net (NNN) lease type, and a total of 6,170 square feet of space. The APN is 180070121. This is a turnkey investment ready to generate immediate income. The property's strong occupancy and positive cash flow make it an attractive addition to any investment portfolio.

Highlights

  • 6,170 SF Class B Office Building in Orem, Utah
  • 100% Occupancy, Generating $78,826 NOI
  • $1,200,000 Asking Price, 6.57% Cap Rate
  • Recently Updated Lobbies and Interior Suites

Property Details for 195 Orem Blvd

Property type
Office properties
Square Feet
6,170 SF
Class
B
Year Built
1992
Buildings
1
Stories
2
Lot Size (sq. ft)
17,424 SF

Location Insight

City
Orem
County
Utah
State
Utah
Latitude
40.293468883222
Longitude
-111.6959534418

FAQs

What type of property is this?
Office property - Orem, UT Office Investment Opportunity
Where is the office property located?
The property is located at 195 Orem Blvd Orem, UT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,170 SF Class B Office Building in Orem, Utah; 100% Occupancy, Generating $78,826 NOI; $1,200,000 Asking Price, 6.57% Cap Rate
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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195 Orem Blvd
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