387 520th W Lindon, UT 84042-1960
- Office buildings
- 40,040 SF
- 2.80 lot acres
Current Use by Public Records
- Browns Run Country Club / Association / Organization
- Opiniion / Software Company
- Access Property Management / Property Management Company
- Lofts on Main / Media Consultant
- Ignition Repair / Car Repair And Maintenance Service
Property Details for 387 520th W
- Year built
- 1998
- Lot size
- 2.80 lot acres
- Property size
- 40,040 SF
- Property type
- Office buildings
- APN
- 40-283-0003
- APU
- 402830003
Description
This exceptional investment opportunity presents a 37,433 square foot, Class B, two-story office building situated on a 6.86-acre lot in Lindon, Utah (84042). The property, built in 1998, is currently 100% occupied by four tenants under leases extending to at least April 2027, generating a substantial net operating income (NOI) of $505,827 and an 8.00% capitalization rate. The asking price is $6,300,000, translating to $168.30 per square foot. The land value alone is $157.34 per square foot. Located at 387 S 520 W, this multi-tenant property benefits from its strategic location in Utah County, a region known for its highly educated workforce fueled by nearby Brigham Young University and Utah Valley University. The property enjoys excellent accessibility, being a short 20-minute drive from Provo Municipal Airport and just 5 minutes from Interstate 15, providing easy commutes to Salt Lake City (45-minute drive). This presents a stable, high-performing asset with a strong income stream and significant long-term potential. The property offers a rare opportunity to acquire a fully leased, high-performing office building in a thriving Utah County 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
- Lindon
- County
- Utah
- State
- Utah
- Longitude
- -111.727
- Latitude
- 40.3307
- CBSA code
- 39340
- CBSA name
- PROVO-OREM, UT METROPOLITAN STATISTICAL AREA
