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Property profile & analytics
OFF-MARKET
Industrial properties

1973 Rulon White Blvd Ogden, UT 84201

103,419 SF 13.14 ac lot Built 1996
Property ID
Property summary
AI-generated overview

This exceptional 103,419-square-foot manufacturing facility in Ogden, Utah, presents a unique investment opportunity. Situated on a 13.14-acre lot with convenient I-15 access, this property boasts a highly secure environment, including 24/7 security, gated access, and guard stations. Built in 1996, the building features a receipt control/deposit center and specialized equipment. Currently leased to the Internal Revenue Service (IRS) under a modified lease with a remaining term of approximately 4.1 years, plus two five-year options. The lease commenced January 11, 2019, and expires January 10, 2029. The IRS utilizes this facility as an Internal Mail Processing Center and Federal Depository for the U.S. Federal Reserve, one of only two such centers nationwide. Recent upgrades include a security Level 4 enhancement, replacement of all 52 HVAC units with a new BAS system, new asphalt, breakroom upgrades, garage doors, and 17 LED skylights. The IRS has undertaken numerous capital projects during the lease term, including a new CCTV system, modular furniture upgrades, electrical and data improvements, new specialized equipment, and further breakroom upgrades. The roof, a TPO Rhino Bond system, has over 10 years of useful life remaining. Ongoing discussions are underway to install a new perimeter security fence and guard access gate. The site includes additional acreage for potential future expansion and a non-leased 3,266-square-foot warehouse. This property offers a compelling combination of a strong tenant, long-term lease potential, and significant recent capital improvements.

Property profile
Verified
Property type Industrial properties
Year built 1996
Total area 103,419 SF
Lot 13.14 ac (572,378 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Internal Revenue Service (IRS) Government Office Tax Department
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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