125 600Price, UT 84501

Property Details for 125 600

Year built

1996

Lot size

3.54 AC

Property size (Sq ft)

19,011 SF

Property type

Office properties

Property subtype

Other office properties

Description

This exceptional investment opportunity presents a 19,011-square-foot, single-story office building in Price, Utah. Built in 1996 and extensively renovated in 2018 ($1 million in improvements), the property boasts a 20-year net lease with the Bureau of Land Management, with 15 years remaining. The building, situated on a 3.54-acre lot, features a combination of office space, warehouse space, and a fenced gravel yard. The 2018 renovations included a new standing seam metal roof, HVAC unit replacements, interior and exterior repainting, new flooring, and significant parking lot improvements. The property also includes security upgrades and radio tower enhancements. This "Radio Center" serves five other BLM field offices in central Utah, enjoying a prime location near US Highway 191 and the Manti-La Sal National Forest. The property includes 116 parking spaces and is a Class B building with a 7% cap rate and a current NOI of $270,016. The asking price is $3,900,000. This is a 1031 exchange eligible property. The property's APN is 01-2042-0082. The building consists of two structures, each one story high. The property is 100% occupied by a credit-rated tenant.

Location Insight

City

Price

County

Carbon

State

Utah

Latitude

39.5986

Longitude

-110.82

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