125 600 Price, UT 84501
- Office Properties & Spaces
- 3.54 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 125 600
- Lot size
- 3.54 lot acres
- Property type
- Office Properties & Spaces
Description
This exceptional single-story office building, totaling approximately 19,011 net rentable square feet, sits on a generous 3.54-acre lot in Price, Utah. Constructed in 1996 as a build-to-suit for the Bureau of Land Management (BLM), this all-masonry/warehouse structure is currently 100% leased to a single tenant under a long-term agreement. The lease, initiated in 2018, is a 20-year lease (with 15 years firm), reflecting a significant commitment from the tenant. As part of the lease agreement, approximately $1 million in building upgrades were implemented. The property's strategic location offers unparalleled accessibility. It's conveniently situated just 1,500 feet from the on-ramp to U.S. Highway 191 and a short 12-mile drive from the intersection with U.S. Highway 6. Its function as the "Radio Center" for five other BLM field offices in central Utah underscores its importance and operational efficiency. The proximity to the Manti-La Sal National Forest further enhances its appeal and potential. This presents a rare opportunity to acquire a high-quality, fully leased commercial property in a desirable location with strong tenant occupancy and long-term lease stability. The property offers significant investment potential due to its location, lease terms, and the substantial improvements made.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Price
- County
- Carbon
- State
- Utah
- Longitude
- -110.82
- Latitude
- 39.5987
