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Single-Tenant Government Office Building
For Sale
Contact for pricing
Pending

45 E 1375 S, Price, UT 84501

Purpose-built office facility occupied by the United States Department of Labor’s Mine Safety and Health Administration.

Property Size11,818 SF
Days on Market144

Property Features for 45 E 1375 S

General Information

Standard status Pending
Size 11,818 SF
Property subtype Office

Additional Details

Cap Rate 7.03%

Building Details

Year Built 2009
Buildings 1
Building Size 11,818 SF
Tenancy Single
Owner Occupied No
Listing Agency: Marcus & Millichap - Orange County
Listed By: Alex Mobin · License #01845973
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 12:32AM

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 Marcus & Millichap - Orange County

Investment Insights

Based on property information with market context.

This single-tenant office property contains 11,818 square feet and was completed in 2009 as a build-to-suit for the United States Department of Labor. The building is occupied by the Department’s Mine Safety and Health Administration, a federal agency focused on mine safety and health standards, enforcement, and technical assistance.

The tenant executed an early renewal for a second-generation 20-year lease effective November 2023, with 10 years firm. The property is located at 45 E 1375 S in Price, Utah. The offering also carries a stated going-in capitalization rate of 7.03%.

Key Highlights

  • 11,818‑square‑foot office building completed in 2009
  • Built to suit for the United States Department of Labor
  • Occupied by the Mine Safety and Health Administration

Property Analytics

Current Use

Office buildings

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

Demographics for 84501, UT

13,111
Population
5,459
Households
2.4
Avg Household Size
37
Median Age
20%
College-Educated
93%
High-School Grad
215.6 sq mi
ZIP Area
61
Density / Sq Mi
$53,256
Median Household Income
$30,709
Median Earnings
$840
Median Rent
$212,900
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Purpose-built office facility occupied by the United States Department of Labor’s Mine Safety and Health Administration.
Where is this office building located?
The property is located at 45 E 1375 S Price, UT.
What are key features of this property?
This property features: 11,818‑square‑foot office building completed in 2009; Built to suit for the United States Department of Labor; Occupied by the Mine Safety and Health Administration
(949) 419-3276 Call to check price and availability
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