5152-5255 Edgewood Dr Provo, UT 84604
- Office Properties & Spaces
- 185,382 SF
- 14.58 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 5152-5255 Edgewood Dr
- Lot size
- 14.58 lot acres
- Property size
- 185,382 SF
- Property type
- Office Properties & Spaces
Description
Exceptional investment opportunity in Provo, Utah's thriving Riverwoods Business Park. This premier office complex boasts 185,382 square feet across three, three-story buildings constructed between 1994 and 2001, situated on a 14.581-acre lot. The property currently enjoys a 95% occupancy rate, generating a substantial net operating income (NOI) of $2,683,586, resulting in a compelling 9% capitalization rate. Priced at $29,800,000 ($160.75 per square foot), this offering presents a significant value proposition well below replacement cost. The park's prime location offers stunning mountain views and convenient access to numerous restaurants and retail amenities at the Shops at Riverwoods. Underground parking is a rare and valuable feature. Its proximity to Brigham Young University and Utah Valley University provides an unparalleled advantage for employee recruitment and retention, further enhanced by its surrounding prestigious residential developments and diverse housing options. This irreplaceable asset is located in one of the nation's most dynamic markets, making it an exceptional investment opportunity.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Provo
- County
- Utah
- State
- Utah
- Longitude
- -111.657
- Latitude
- 40.3023
