Four-Story Class A Office
2162 W Grove Pkwy Pleasant Grove, UT 84062
New
For Sale
$20,022,895
Four-story Class A building in a 320,000 SF campus with abundant parking and immediate I-15 freeway access.
Property Size79,927 SF
Price / SF$250.51
Days on Market6
Property Features for 2162 W Grove Pkwy
General Information
Standard status
Active
Size
79,927 SF
Property subtype
Office
Listing Agency:
Salt Lake City - Millrock
(801) 453-6838
Listed By:
Andrew Whitworth · License #11794882-SA00
(801) 453-6838
Source:
Colliers
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 29 at 3:39AM
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 Salt Lake City - Millrock
Investment Insights
Based on property information with market context.
Grove Creek Center is a four-story Class A office building totaling 79,927 square feet, positioned as part of a larger 320,000 square foot office campus. The property features an upscale two-story lobby and is set up for professional office use, supported by abundant parking.
The building is located at 2162 W Grove Pkwy in Pleasant Grove, offering freeway access off the Pleasant Grove I-15 interchange (Exit 275) with I-15 visibility. The surrounding area includes close proximity to new restaurants and hospitality amenities, and the property is described as offering panoramic mountain views.
Designed for an established office campus setting, Grove Creek Center combines a multi-story office layout, a prominent lobby presence, and convenient access for tenant and visitor arrivals.
The building is located at 2162 W Grove Pkwy in Pleasant Grove, offering freeway access off the Pleasant Grove I-15 interchange (Exit 275) with I-15 visibility. The surrounding area includes close proximity to new restaurants and hospitality amenities, and the property is described as offering panoramic mountain views.
Designed for an established office campus setting, Grove Creek Center combines a multi-story office layout, a prominent lobby presence, and convenient access for tenant and visitor arrivals.
Key Highlights
- Four‑story Class A office building totaling 79,927 SF
- Located within a larger 320,000 SF office campus
- Immediate freeway access off the Pleasant Grove I‑15 interchange (Exit 275)
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 | $1.92M | $24.00 |
| − Vacancy | −$422.0k | −$5.28 |
| EGI | $1.50M | $18.72 |
| − OpEx | −$374.1k | −$4.68 |
| NOI | $1.12M | $14.04 |
79,927 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$16.03M
$14.03M – $18.70M
NOI $1,122,175 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.03M
$19.28M – $25.70M
NOI $1,542,271 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Four-story Class A building in a 320,000 SF campus with abundant parking and immediate I-15 freeway access.
Where is this office building located?
The property is located at 2162 W Grove Pkwy Pleasant Grove, UT.
What is the asking price?
The asking price for this property is $20,022,895.
What are key features of this property?
This property features: Four‑story Class A office building totaling 79,927 SF; Located within a larger 320,000 SF office campus; Immediate freeway access off the Pleasant Grove I‑15 interchange (Exit 275)
