Multitenant Office
For Sale
Contact for pricing
1220 South 630 East, American Fork, UT 84003
Suburban office building on 6.20 acres with ample parking and established tenancy.
Property Size96,609 SF
Lot Size6.20 Acres
Price / SF$159
Days on Market147
Property Features for 1220 South 630 East
General Information
Standard status
Active
Size
96,609 SF
Class
B
Lot size
6.20 Acres
Property subtype
Office
Zoning
PI-1 and GC-1
Building Details
Year Built
2014
Tenancy
Multi
Listing Agency:
Cushman & Wakefield - Salt Lake City, Utah
Listed By:
Kip Paul · License #UT 5462526-SA00
(801) 303-5555
Source:
Crexi
Added: Jun 9
Changed: Oct 25
Last Checked: Nov 1 at 4:18AM
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 Cushman & Wakefield - Salt Lake City, Utah
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Investment Insights
Based on property information with market context.
North Pointe E is a 96,609-square-foot multitenant office building comprising one institutional-quality asset. The property was originally constructed in 2014 and described as well maintained. It is situated on 6.20 acres and supports parking at a 5.0/1,000 ratio.
The building is located in American Fork, Utah, in the northern Utah County submarket. The offering notes proximity to a retail amenity base and alignment with regional demand drivers including the continued expansion of Silicon Slopes.
For tenants, the property’s multitenant configuration and parking allocation are designed to support day-to-day accessibility. For buyers, North Pointe E presents a single, larger suburban office building with a relatively modern construction date and established tenancy, offering a straightforward platform within a growing regional employment and amenities context as described in the materials.
The building is located in American Fork, Utah, in the northern Utah County submarket. The offering notes proximity to a retail amenity base and alignment with regional demand drivers including the continued expansion of Silicon Slopes.
For tenants, the property’s multitenant configuration and parking allocation are designed to support day-to-day accessibility. For buyers, North Pointe E presents a single, larger suburban office building with a relatively modern construction date and established tenancy, offering a straightforward platform within a growing regional employment and amenities context as described in the materials.
Key Highlights
- 96,609‑SF multitenant office building built in 2014
- Situated on 6.20 acres
- 5.0/1,000 parking ratio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,356,390
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$27,127,800
$27.1M
Cap Rate 7%
$19,377,000
$19.4M
Cap Rate 9%
$15,071,000
$15.1M
Market Conditions
NOI Build-Up for 96,609 SF
Gross rent
$2.32M $24.00/SF
− Vacancy
−$510.1K −$5.28/SF
EGI
$1.81M $18.72/SF
− OpEx
−$452.1K −$4.68/SF
NOI
$1.36M $14.04/SF
Area
Utah County, UT
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$27,127,800
Cap Rate 7%
$19,377,000
Cap Rate 9%
$15,071,000
Alternative Uses
Best Use
Office B
$19.38M
$16.95M – $22.61M
NOI $1,356,390 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$26.63M
$23.30M – $31.07M
NOI $1,864,167 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
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Business Placement
Demographics for 84003, UT
52,970
Population
16,441
Households
3.2
Avg Household Size
29
Median Age
50%
College-Educated
96%
High-School Grad
73.6 sq mi
ZIP Area
720
Density / Sq Mi
$120,262
Median Household Income
$41,591
Median Earnings
$1,692
Median Rent
$580,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Suburban office building on 6.20 acres with ample parking and established tenancy.
Where is this office building located?
The property is located at 1220 South 630 East American Fork, UT.
What is the asking price?
The asking price for this property is $15,457,000.
What are key features of this property?
This property features: 96,609‑SF multitenant office building built in 2014; Situated on 6.20 acres; 5.0/1,000 parking ratio
