1199 700Pleasant Grove, UT 84062

Property Details for 1199 700

Year built

1998

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

12.48 AC

Property size (Sq ft)

105,223 SF

Property type

Office buildings

APN

49-944-0001

APU

499440001

Description

This exceptional commercial property presents a unique investment opportunity in Pleasant Grove, Utah. Located at 1199 W 700 S, this two-story, 106,000 square foot executive office campus sits on a generous 12.48-acre lot. Its strategic location just off the I-15 Interchange (Exit 275) provides unparalleled access and visibility, making it an ideal headquarters for a discerning business. The property boasts stunning, unobstructed mountain views, adding to its already impressive appeal. The campus benefits from its proximity to a variety of new restaurants and hospitality amenities, enhancing its attractiveness to employees and clients alike. This is a rare chance to acquire a highly sought-after office property in a thriving Utah County location. The asking price for this significant commercial real estate asset is $26,800,000. The property's size and location make it suitable for a variety of uses, presenting a compelling investment opportunity for those seeking a premier commercial space in a rapidly growing area. The property is classified as both retail and office space, offering flexibility for potential buyers. Its executive office subtype caters to businesses seeking a high-end, prestigious location.

• CAP approach

  CAP return

  Valuation

  6%

  $27,940,388

  6.5%

  $25,791,126

  7%

  $23,948,904

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,081,428

  Geo Method

  $21,081,428

• Alternative Use

  Use

  Valuation

  Residential

  $31,980,998

  Hospitality

  $29,294,422

  Educational

  $24,372,614

  Medical

  $25,210,826

  Retail

  $37,912,956

Location Insight

City

Pleasant Grove

County

Utah

State

Utah

Latitude

40.3541

Longitude

-111.758

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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