2435 450Pleasant Grove, UT 84062

Property Details for 2435 450

Year built

2008

Lot size

1.10 AC

Property size (Sq ft)

16,952 SF

Property type

Office buildings

APN

46-708-0003

APU

467080003

Description

This exceptional two-story medical office building, totaling 16,952 square feet, presents a unique investment opportunity in Utah County. Built in 2008, the property boasts a convenient location with easy access to I-15, complemented by ample on-site parking (68 spaces) and a quiet, amenity-rich neighborhood. The building features a functional layout with open work areas, and is equipped with an elevator and key-card security system for enhanced safety and peace of mind. Currently, 9,887 square feet of space is available, divisible into units ranging from 1,307 to 4,290 contiguous square feet, making it ideal for various medical practices or expansions. The building offers a competitive net-net-net (NNN) lease rate of $16 per square foot, with below-market NNN fees at $5.18 per square foot. Some existing furniture may be included in the lease. The property sits on 1.097 acres of land and includes a backup generator for reliable power. This is an excellent opportunity to secure a well-maintained, strategically located medical office space with significant potential. The address is conveniently located near 860 East 450 South.

• CAP approach

  CAP return

  Valuation

  6%

  $4,501,347

  6.5%

  $4,155,090

  7%

  $3,858,298

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,396,333

  Geo Method

  $3,396,333

• Alternative Use

  Use

  Valuation

  Residential

  $5,152,311

  Hospitality

  $4,719,490

  Educational

  $3,926,560

  Medical

  $4,061,600

  Retail

  $6,107,982

Location Insight

City

Pleasant Grove

County

Utah

State

Utah

Latitude

40.3577

Longitude

-111.773

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].