151 3450th N Spanish Fork, UT 84660-8507
- Office buildings
- 216,098 SF
- 13.51 lot acres
Jan 02, 2024
Current Use by Public Records
- Office buildings
Property Details for 151 3450th N
- Year built
- 2001
- Lot size
- 13.51 lot acres
- Property size
- 216,098 SF
- Property type
- Office buildings
- APN
- 40-390-0002
- APU
- 403900002
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spanish Fork
- County
- Utah
- State
- Utah
- Longitude
- -111.654
- Latitude
- 40.1551
- CBSA code
- 39340
- CBSA name
- PROVO-OREM, UT METROPOLITAN STATISTICAL AREA
