Property summary
This exceptional 20,136 sq ft Class B office building in Provo, UT, presents a compelling investment opportunity. Located in the desirable Riverwoods Business & Research Park, adjacent to the Shops at Riverwoods, this property boasts a 100% occupancy rate with Aptive Environmental, a multi-billion dollar credit tenant, under a NNN lease expiring December 31, 2028 (4.1 years remaining). The lease includes a 3% annual rent increase. The building, constructed in 2005 and renovated in 2022, features upscale finishes, modern amenities including a basketball court, golf simulator, premium lounge, and conference facilities. The two-story building sits on a 2.93-acre lot and offers nine units. The asking price is $4,895,550 ($243.12/sq ft), representing an attractive 8% capitalization rate. This turnkey investment provides exceptional value and long-term growth potential, benefiting from its prime location, strong tenant, and impressive amenities. The property's APN is 34:440:0001, 34:440:0002, 34:440:0008, and 34:440:0009. The property is offered for sale by owner.
Property profile
VerifiedCap rate & NOI
Current use
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Alternative Medicine Practice Spa & Massage Center
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Real Estate Agency
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Solar Energy Company Solar Energy System Service
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Solar Energy Company
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Garden Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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