251 Ut-112 Grantsville, UT 84029

Willow Plaza Development offers a unique investment opportunity in Grantsville, Utah. This three-story Class C office building, constructed in 1985, boasts a Net Operating Income (NOI) of $84,619. The property sits on a sizable lot ranging from 0.5 to 12.51 acres and provides ample parking (31,000 spaces per 1,000 sq ft). Currently, there are flexible lease options available, ranging from 1,500 to 50,670 square feet of space. Lease rates vary depending on the unit type: inline spaces are $26 per square foot (NNN), end units are $30 per square foot (NNN), drive-thru spaces are $34 per square foot (NNN), and midbox/big box spaces are $16 per square foot (NNN). Additionally, the land itself is available for purchase at $15 per square foot. The property is strategically located at 251 UT-112, Grantsville, UT 84029, surrounded by millions of square feet of industrial development. A retail/office grey shell delivery is anticipated in the third quarter of 2024. This presents a compelling opportunity for businesses seeking executive office space or investors looking for a strong return in a rapidly developing area. The property's size and location make it ideal for a variety of uses.