Provo Office Portfolio For
5152-5255 N Edgewood Dr, Provo, UT 84604
Two office buildings totaling 135,859 RSF in Provo, Utah.
Type:Office
Property size:
135,859 SFPrice / SF:
$219/SF- Added:
- Jul 15, 2024
- Days on Market:
- 684
- Last Refresh:
- May 12 at 8:49 pm
Property Features for 5152-5255 N Edgewood Dr
General Information
- Standard status
- Active
- Size
- 135,859 SF
- Property subtype
- Office
Listing agent Brandon Fugal License #UT 5477023-SA00
Listing office Colliers - Salt Lake City, Utah
Listing date Jul 15, 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, Utah
HighLights
- High‑quality office assets totaling 135,859 RSF.
- Strategic location adjacent to The Shops at Riverwoods with walkable access to amenities.
- Anchored by a diverse mix of long‑term tenants providing durable cash flow and lease stability.
- Convenient access to I‑15, BYU, UVU, Provo Airport, and Sundance Resort.
- Pricing below replacement cost.
- Located in one of the fastest‑growing regions in the United States.
Overview
The Offices at Riverwoods Portfolio features two office buildings with a total area of 135,859 RSF, situated in Provo, Utah. The properties are strategically located near Provo Canyon and adjacent to The Shops at Riverwoods, providing walkable access to dining, retail, and entertainment options. The tenant mix includes government, financial services, healthcare, technology, and professional services, offering stable cash flow and staggered lease expirations. The location is approximately 10 minutes from I-15, BYU, and UVU, and about 25 minutes from Provo Airport and Sundance Resort.
Local 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 | $2.98M | $21.96 |
| − Vacancy | −$692.2k | −$5.09 |
| EGI | $2.29M | $16.87 |
| − OpEx | −$572.8k | −$4.22 |
| NOI | $1.72M | $12.65 |
135,859 SF · lease $21.96/SF/yr · vacancy 23.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$24.55M
$21.48M – $28.64M
NOI $1,718,475 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$37.47M
$32.79M – $43.71M
NOI $2,622,866 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Provo
- County
- Utah
- State
- Utah
- Longitude
- -111.6569699
- Latitude
- 40.3022089
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two office buildings totaling 135,859 RSF in Provo, Utah.
Where is this office building located?
The property is located at 5152-5255 N 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: High‑quality office assets totaling 135,859 RSF.; Strategic location adjacent to The Shops at Riverwoods with walkable access to amenities.; Anchored by a diverse mix of long‑term tenants providing durable cash flow and lease stability.
