151 1700Provo, UT 84606

Property Details for 151 1700

Year built

1987

Lot size

2.09 AC

Property size (Sq ft)

29,745 SF

Property type

Office properties

Property subtype

Office buildings

APN

38-104-0003

APU

381040003

Description

This exceptional East Bay office building offers 28,557 square feet of prime executive office space, currently fully vacant and available for lease. The property is divisible into units ranging from a minimum of 8,557 square feet to a maximum contiguous space of 20,000 square feet, providing flexibility for businesses of various sizes. The building boasts abundant natural light and stunning mountain views, creating a productive and inspiring work environment. Its strategic location offers superior access to I-15 via University Avenue, ensuring convenient commutes for employees and clients in the Provo-Orem area. On-site parking is readily available, eliminating the hassle of finding parking in a busy urban setting. Furthermore, the building allows for exterior signage opportunities for qualified tenants, enhancing brand visibility. The property is situated near a wealth of amenities, making it an attractive location for employees and visitors alike. The lease rate is $18.00 per square foot, with full-service options available for spaces ranging from 2,000 to 20,000 square feet. This is a rare opportunity to secure a high-quality, well-located office space in a thriving market. Contact us today to schedule a viewing and discuss your business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $7,935,572

  6.5%

  $7,325,143

  7%

  $6,801,918

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,959,411

  Geo Method

  $5,959,411

• Alternative Use

  Use

  Valuation

  Residential

  $9,083,177

  Hospitality

  $8,320,142

  Educational

  $6,922,260

  Medical

  $7,160,327

  Retail

  $10,767,960

Location Insight

City

Provo

County

Utah

State

Utah

Latitude

40.213

Longitude

-111.657

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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