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Published on: Thursday, September 5, 2024
Updated on: Thursday, September 5, 2024
About the Lister
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Name: Michelle Nelson
Company: NAI Premier
Office Phone: 801 619 2715
Cell Phone: 801 949 0484
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Financing  Business  Material

  Gerber Collision & Glass

899 North Industrial Park Rd Orem Utah , 84057
899 North Industrial Park Rd Orem Utah , 84057  NAI Premier
Listing ID: CL-Utah-11709 Industrial Condo/Industrial

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 4.94
Net Operating Income: $172,800.00
Quick Glance
Listing ID: CL-Utah-11709
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: N/A
Building Size: 24,206.00 SqFt
Lot Size: 43,560.00 SqFt.
No of Stories: N/A
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Strategically located near major highways, this property is just 500 feet from I-15 Exit 272, right off Canyon Parkway, offering excellent accessibility for logistics and commuting.
Complete Details
Year Build: N/A
Building Size: 24,206
No of Stories: N/A
Total Lot Area: 43560 SqFt.
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
Strategically located near major highways, this property is just 500 feet from I-15 Exit 272, right off Canyon Parkway, offering excellent accessibility for logistics and commuting. With industrial properties in Orem experiencing steady rental growth, this property offers rents significantly below market rates, presenting an exceptional value-add investment opportunity. The area boasts a low industrial vacancy rate of just 2%, ensuring nearly zero vacancy for this property.
Additional Properties
Property Highlights
  • Lease Type: NNN
  • Lease Term: 3 Years remaining
  • Seller financing available
Listing Location
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