Upscale Commercial Campus
1199 W 700 S Pleasant Grove, UT 84062
1199 W 700 S, Pleasant Grove, UT, 84062
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For Sale
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Strategically located office/warehouse property with mountain views.
Property Size106,000 SF
Price / SF$234.91
Days on Market1022
Property Features for 1199 W 700 S
General Information
- Standard status
- Active
- Size
- 106,000 SF
- Property subtype
- Industrial, Office, Retail
Building Details
- Year Built
- 1998
Listing Agency
Colliers - Salt Lake City, Utah
(801) 380-2264
Listed by
Brandon Fugal · License #UT 5477023-SA00
Source
Crexi
Added: Oct 3, 2023 Updated: Jul 6 at 8:26 am Checked: Jul 20 at 6:15 am
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
Investment Insights
Based on property information with market context.
This unique purchase opportunity features an established upscale commercial campus headquarters located just off the Pleasant Grove I-15 Interchange (Exit 275), providing ideal access, visibility, and opportunity. The property is in close proximity to numerous new restaurants and hospitality amenities. This is a rare opportunity to acquire one of the most strategically located office/warehouse properties in Utah, with a stunning unobstructed mountain backdrop. The property size is 106000 square feet. The property is suitable for mixed-use, warehouse, industrial, office, and retail purposes.
Key Highlights
- Strategically located office/warehouse property in Utah.
- Ideal access and visibility due to proximity to I‑15 (Exit 275).
- Close proximity to new restaurants and hospitality amenities.
Local Financial Insights For Retail
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 | $2.65M | $24.96 |
| − Vacancy | −$111.1k | −$1.05 |
| EGI | $2.53M | $23.91 |
| − OpEx | −$760.4k | −$7.17 |
| NOI | $1.77M | $16.74 |
106,000 SF · lease $24.96/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$25.35M
$22.18M – $29.57M
NOI $1,774,247 @ 7.0% cap · market cap 7.13%
Second Best
Office B
$21.26M
$18.60M – $24.80M
NOI $1,488,240 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$29.22M
$25.57M – $34.09M
NOI $2,045,376 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Close To My Heart
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Strategically located office/warehouse property with mountain views.
Where is this mixed-use property located?
The property is located at 1199 W 700 S Pleasant Grove, UT.
What is the asking price?
The asking price for this property is $24,900,000.
What are key features of this property?
This property features: Strategically located office/warehouse property in Utah.; Ideal access and visibility due to proximity to I‑15 (Exit 275).; Close proximity to new restaurants and hospitality amenities.
