125 600 Price, UT 84501
- Office Properties & Spaces
- 19,011 SF
- 3.54 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 125 600
- Year built
- 1996
- Lot size
- 3.54 lot acres
- Property size
- 19,011 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 19,011-square-foot, single-story office building in Price, Utah. Built in 1996 and extensively renovated in 2018 ($1 million in improvements), the property boasts a 20-year net lease with the Bureau of Land Management, with 15 years remaining. The building, situated on a 3.54-acre lot, features a combination of office space, warehouse space, and a fenced gravel yard. The 2018 renovations included a new standing seam metal roof, HVAC unit replacements, interior and exterior repainting, new flooring, and significant parking lot improvements. The property also includes security upgrades and radio tower enhancements. This "Radio Center" serves five other BLM field offices in central Utah, enjoying a prime location near US Highway 191 and the Manti-La Sal National Forest. The property includes 116 parking spaces and is a Class B building with a 7% cap rate and a current NOI of $270,016. The asking price is $3,900,000. This is a 1031 exchange eligible property. The property's APN is 01-2042-0082. The building consists of two structures, each one story high. The property is 100% occupied by a credit-rated tenant.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Price
- County
- Carbon
- State
- Utah
- Longitude
- -110.82
- Latitude
- 39.5986
