For Sale
$6,300,000

387 520Lindon, UT 84042

High-yield Utah office investment. 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 37,433 square foot, Class B, two-story office building situated on a 6.86-acre lot in Lindon, Utah (84042). The property, built in 1998, is currently 100% occupied by four tenants under leases extending to at least April 2027, generating a substantial net operating income (NOI) of $505,827 and an 8.00% capitalization rate. The asking price is $6,300,000, translating to $168.30 per square foot. The land value alone is $157.34 per square foot. Located at 387 S 520 W, this multi-tenant property benefits from its strategic location in Utah County, a region known for its highly educated workforce fueled by nearby Brigham Young University and Utah Valley University. The property enjoys excellent accessibility, being a short 20-minute drive from Provo Municipal Airport and just 5 minutes from Interstate 15, providing easy commutes to Salt Lake City (45-minute drive). This presents a stable, high-performing asset with a strong income stream and significant long-term potential. The property offers a rare opportunity to acquire a fully leased, high-performing office building in a thriving Utah County market.

Highlights

  • 37,433 SF Class B office building on a 6.86-acre lot in Lindon, UT (84042).
  • Built in 1998, 100% occupied with leases extending to at least April 2027.
  • $6,300,000 asking price, $168.30/SF, $505,827 NOI, 8.00% cap rate.
  • Located at 387 S 520 W, near I-15 and Provo Airport.
  • Strong Utah County location with a highly educated workforce.

Property Details for 387 520

Property type
Office properties
Square Feet
37,433 SF
Class
B
Year Built
1998
Buildings
1
Stories
2
Lot Size (sq. ft)
298,822 SF

Location Insight

City
Lindon
County
Utah
State
Utah
Latitude
40.3305695
Longitude
-111.7271523
387 520, Lindon, Utah

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387 520
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