Property profile

151 3450th N Spanish Fork, UT 84660

OFF-MARKET
Office buildings
Property ID
US86-0567999
216,098 SF 13.51 ac lot Built 2001
Individually Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A industrial property, located at 151 E 3450 N in Spanish Fork, Utah, presents a compelling investment opportunity. The 212,685-square-foot facility, built in 2001 and renovated in 2024, sits on an 11.26-acre lot and features a single, 100% occupied tenant under a net lease. The building boasts 13 dock-high doors and a 28-foot ceiling height, ideal for manufacturing and warehouse operations. Its strategic location offers excellent I-15 visibility and access, further enhanced by the planned I-15/2700 North Interchange (completion in 2026), providing direct north and south access. The property is zoned LI and comprises one, two-story building. The lease has 12 years remaining with annual rent increases of 3%, providing consistent, passive income. This investment benefits from its location in Utah County, a region experiencing significant industrial development, housing growth, and job creation, representing 39% of the state's population growth in 2023. This property offers a secure, high-return investment in a thriving market.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2001
Total area 216,098 SF
Lot 13.51 ac (588,278 SF)
APN 40-390-0002
UPID US86-0567999

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

151 3450th N Spanish Fork, UT 84660-8507
Spanish Fork metro Census 10503 PROVO-OREM, UT METROPOLITAN STATISTICAL AREA
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Value estimations

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Owner & transaction history

since 2024
6 recorded transactions
2024
Price N/A
2023
Price N/A
2020
Price N/A
2006
Price N/A
2004
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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