For Sale
$2,950,000

561 Lakeview PkwyProvo, UT 84606

14,800 SF Office, Updated 2020

Overview

Added:
Dec 11, 2024
Days on market:
114
This 14,800-square-foot creative office building in Provo, Utah, presents a compelling owner-user opportunity. Located at 561 E Lakeview Pkwy, 84606, this single-story, Class B building boasts a modern, 2020 renovation. The property features an impressive buildout, including large seating areas, a spacious break room and lounge, and ADA-compliant restrooms. Built in 1995, the structure is constructed of high-efficiency block with a metal roof. The ample parking provides a 74-space-per-1,000-square-foot ratio. Currently vacant, this property is ideally suited for a variety of uses, including high-tech companies, corporate headquarters, or medical offices. The asking price is $2,950,000, representing a price per square foot of $199.32 and a pro-forma cap rate of 9.02%. The pro-forma NOI is $266,000. Low net operating expenses are further enhanced by professional management from the Sterling Square HOA. The property's APN is 66.265.0003 and is owned by Midway Summit, LLC. This exceptional property offers a unique blend of modern amenities and a prime Provo location. The building is well-maintained and ready for immediate occupancy. This is a rare opportunity to acquire a high-quality, well-located office building in a thriving Utah market.

Highlights

  • $2,950,000 asking price for a 14,800 square foot creative office building.
  • Located at 561 E Lakeview Pkwy, Provo, UT 84606.
  • 1-story, 14,800 square foot building, built in 1995 and renovated in 2020.
  • Class B property with a 9.02% pro-forma cap rate and $266,000 pro-forma NOI.
  • 74 parking spaces per 1,000 square feet; currently vacant.

Property Details for 561 Lakeview Pkwy

Property type
Office properties, Office space
Square Feet
14,800 SF
Class
B
Year Built/Renovated
1995/2020
Buildings
1
Stories
1
Units
1

Location Insight

City
Provo
County
Utah
State
Utah
Latitude
40.209395362684
Longitude
-111.64916206151
561 Lakeview Pkwy, Provo, Utah

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
561 Lakeview Pkwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message