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Springville Flex Space For Sale

141 W 900 N St, Springville, UT 84663

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For Sale

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Flex space unit with office and warehouse areas available.

Type:Industrial

Property size:

8,100 SF

Price / SF:

$225/SF

HighLights

8,100 SF Total with 4,200 SF of Office Space and 3,900 SF Warehouse
Benefit from the 18’ Clear Height in the warehouse.
Property includes Phase 3 Power.
Features 12’x12’ Overhead Doors.
Exterior Lighting on Building and Parking Lot
Truck and Auto Turnaround at South Portion of Property

We can help!

Contact an agent

Dan Ford

For Sale

Contact for pricing

Flex space unit with office and warehouse areas available.

Type:Industrial

Property size:

8,100 SF

Price / SF:

$225/SF

Added:: Jun 28, 2024
Days on Market:: 739
Last Refresh:: Jul 4 at 7:54 am

Property Features for 141 W 900 N St

General Information

Standard status: Active
Size: 8,100 SF
Property subtype: Industrial

We can help!

Contact an agent

Dan Ford

Listing office Colliers Salt Lake City Downtown

Listing date Jun 28, 2024

Source Crexi

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 Downtown

HighLights

8,100 SF Total with 4,200 SF of Office Space and 3,900 SF Warehouse
Benefit from the 18’ Clear Height in the warehouse.
Property includes Phase 3 Power.
Features 12’x12’ Overhead Doors.
Exterior Lighting on Building and Parking Lot
Truck and Auto Turnaround at South Portion of Property

Overview

A flex space unit is available for sale, featuring a total of 8,100 square feet. The unit includes 4,200 square feet of office space and 3,900 square feet of warehouse space. The warehouse area has an 18-foot clear height and is equipped with 12’x12’ overhead doors. The property benefits from Phase 3 power and exterior lighting on the building and parking lot. Truck and auto turnaround is available at the south portion of the property.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$194.4k	$24.00
− Vacancy	−$42.8k	−$5.28
EGI	$151.6k	$18.72
− OpEx	−$37.9k	−$4.68
NOI	$113.7k	$14.04

8,100 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.62M

$1.42M – $1.90M (±1% cap)

NOI $113,724 @ 7.0% cap · market cap 6.24%

Second Best

Warehouse

$1.12M

$979.1K – $1.31M (±1% cap)

NOI $78,324 @ 7.0% cap · market cap 4.30%

Theoretical Best

Office A

$2.23M

$1.95M – $2.60M (±1% cap)

NOI $156,298 @ 7.0% cap · market cap 8.58%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Location Insight

Map
Local Demand

City: Springville
County: Utah
State: Utah
Longitude: -111.6134532
Latitude: 40.1790846

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For sale
Flex space
UT
Springville
84663
141 W 900 N St

What type of property is this?

Flex space - Flex space unit with office and warehouse areas available.

Where is this flex space located?

The property is located at 141 W 900 N St Springville, UT.

What is the asking price?

The asking price for this property is $1,822,500.

What are key features of this property?

This property features: 8,100 SF Total with 4,200 SF of Office Space and 3,900 SF Warehouse; Benefit from the **18’ Clear Height** in the warehouse.; Property includes Phase 3 Power.