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    OFF-MARKET
    Office buildings

    151 3450th N, Spanish Fork, UT 84660-8507

    216,098 SF 13.51 ac lot Built 2001
    Individually Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US86-0567999
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Boyer Sf View Industrial Lc · 2 yrs held
    Boyer Sf View Industrial Lc
    since 2024
    6 recorded transactions
    2024
    2023
    2020
    2006
    2004
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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