Office/Warehouse Campus with Development
1199 W 700 S Pleasant Grove, UT
1199 W 700 S, Pleasant Grove, UT, 00000
Contact for pricing
For Sale
Contact for pricing
98,520 SF campus with expansion potential near I-15.
Property Size98,520 SF
Lot Size12.50 Acres
Price / SF$252.74
Days on Market758
Property Features for 1199 W 700 S
General Information
- Standard status
- Active
- Size
- 98,520 SF
- Lot size
- 12.50 Acres
- Property subtype
- OFFICE
Listing Agency
Colliers | Salt Lake City Millrock
(801) 947-8328
Listed by
Brandon Fugal · License #5477023-SA00
Source
Moodyscre
Added: Jun 24, 2024 Updated: Jul 6 at 9:27 am Checked: Jul 19 at 5:34 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Salt Lake City Millrock
Investment Insights
Based on property information with market context.
This unique purchase opportunity features an established upscale commercial campus headquarters located just off the Pleasant Grove I-15 Interchange (Exit 275), providing ideal access, visibility, and opportunity. The property is in close proximity to numerous new restaurants and hospitality amenities. The 98,520 square foot campus includes a 27,180 square foot office building and a 71,340 square foot warehouse/production building. Situated on 12.48 acres, the offering includes the opportunity to develop approximately 6.62 acres located within the total acreage. This strategically located office/warehouse property in Utah features a stunning unobstructed mountain backdrop.
Key Highlights
- Strategically located office/warehouse property with ideal access and visibility off I‑15.
- Substantial 98,520 square foot campus including a 27,180 square foot office building and a 71,340 square foot warehouse/production building.
- Significant value‑add opportunity with 6.62 acres available for expansion/development.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.36M | $24.00 |
| − Vacancy | −$520.2k | −$5.28 |
| EGI | $1.84M | $18.72 |
| − OpEx | −$461.1k | −$4.68 |
| NOI | $1.38M | $14.04 |
98,520 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$19.76M
$17.29M – $23.05M
NOI $1,383,221 @ 7.0% cap · market cap 5.56%
Second Best
Warehouse
$13.61M
$11.91M – $15.88M
NOI $952,649 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$27.16M
$23.76M – $31.68M
NOI $1,901,042 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Close To My Heart
Corporate Office
Similar For Sale Nearby
Similar Off Market Nearby
- J&K RV Storage — 672 W 220 S St, Pleasant Grove, UT 84062
- Safe & Secure Self Storage — 426 N 2000 W, Lindon, UT 84042
- Blue Ribbon Self Storage — 502 W 700 S, Pleasant Grove, UT 84062
- Extra Space Storage — 582 W 220 S St, Pleasant Grove, UT 84062
FAQs
What type of property is this?
Warehouse - 98,520 SF campus with expansion potential near I-15.
Where is this warehouse located?
The property is located at 1199 W 700 S Pleasant Grove, UT.
What is the asking price?
The asking price for this property is $24,900,000.
What are key features of this property?
This property features: Strategically located office/warehouse property with ideal access and visibility off I‑15.; Substantial 98,520 square foot campus including a 27,180 square foot office building and a 71,340 square foot warehouse/production building.; Significant value‑add opportunity with 6.62 acres available for expansion/development.
