1973 Rulon White Blvd Ogden, UT 84201
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.
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Internal Revenue Service (IRS) Government Office Tax Department
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ATM Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.