Current Use by Public Records
- Office Spaces
Property Details for 561 Lakeview Pkwy
- Year built
- 1995
- Property type
- Office Spaces
- Property subtype
- Office Units
Description
This 14,800-square-foot creative office building in Provo, Utah, presents a compelling owner-user opportunity. Located at 561 E Lakeview Pkwy, 84606, this single-story, Class B building boasts a modern, 2020 renovation. The property features an impressive buildout, including large seating areas, a spacious break room and lounge, and ADA-compliant restrooms. Built in 1995, the structure is constructed of high-efficiency block with a metal roof. The ample parking provides a 74-space-per-1,000-square-foot ratio. Currently vacant, this property is ideally suited for a variety of uses, including high-tech companies, corporate headquarters, or medical offices. The asking price is $2,950,000, representing a price per square foot of $199.32 and a pro-forma cap rate of 9.02%. The pro-forma NOI is $266,000. Low net operating expenses are further enhanced by professional management from the Sterling Square HOA. The property's APN is 66.265.0003 and is owned by Midway Summit, LLC. This exceptional property offers a unique blend of modern amenities and a prime Provo location. The building is well-maintained and ready for immediate occupancy. This is a rare opportunity to acquire a high-quality, well-located office building in a thriving Utah market.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Provo
- County
- Utah
- State
- Utah
- Longitude
- -111.649
- Latitude
- 40.2094
