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5152-5255 Edgewood Dr Provo, UT 84604

Sponsored
For Sale
$29,800,000

Prestigious Office Park, High Occupancy, Strong NOI

Property size:
185,382 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
Exceptional investment opportunity in Provo, Utah's thriving Riverwoods Business Park. This premier office complex boasts 185,382 square feet across three, three-story buildings constructed between 1994 and 2001, situated on a 14.581-acre lot. The property currently enjoys a 95% occupancy rate, generating a substantial net operating income (NOI) of $2,683,586, resulting in a compelling 9% capitalization rate. Priced at $29,800,000 ($160.75 per square foot), this offering presents a significant value proposition well below replacement cost. The park's prime location offers stunning mountain views and convenient access to numerous restaurants and retail amenities at the Shops at Riverwoods. Underground parking is a rare and valuable feature. Its proximity to Brigham Young University and Utah Valley University provides an unparalleled advantage for employee recruitment and retention, further enhanced by its surrounding prestigious residential developments and diverse housing options. This irreplaceable asset is located in one of the nation's most dynamic markets, making it an exceptional investment opportunity.

Property Features for 5152-5255 Edgewood Dr

General Information

Property type
Office Properties & Spaces
Square Feet
185,382 SF
Lot Size
635,148 SF

Building Details

Buildings
3
Stories
3

HighLights

  • Riverwoods Business Park
  • 185,382 square feet
  • Built in 1994, 2000, and 2001
  • Three buildings on a 14.58‑acre site (three parcels)
  • Three‑story buildings
  • $29,800,000 purchase price
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Provo
County
Utah
State
Utah
Longitude
-111.6569002
Latitude
40.3022605

FAQs

What type of property is this?
Office Property / Space - Prestigious Office Park, High Occupancy, Strong NOI
Where is this office property / space located?
The property is located at 5152-5255 Edgewood Dr Provo, UT.
What is the asking price?
The asking price for this property is $29,800,000.
What are key features of this property?
This property features: Riverwoods Business Park; 185,382 square feet; Built in 1994, 2000, and 2001
More about this property
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