899 Industrial Park Rd, Orem, UT 84057-2801

This exceptional investment opportunity presents a 24,206-square-foot warehouse in Orem, Utah, boasting a strong 4.94% cap rate and a substantial net operating income (NOI) of $172,800. The property, situated on a 1.73-acre lot at 899 Industrial Park Rd, 84057, comprises four buildings constructed in 1975. Currently leased to Gerber Collision & Glass under a NNN lease with 2.8 years remaining until expiration (August 26, 2027), this single-tenant property offers significant rental growth potential. The property benefits from a prime location, just 500 feet from I-15 Exit 272, providing easy access to major transportation arteries like I-15 and Canyon Parkway. Utah County's low 2.00% vacancy rate ensures minimal vacancy risk, making this a secure and attractive investment. The below-market rental rates present a compelling value-add opportunity for a savvy investor. This is a rare chance to acquire a well-located, income-producing industrial asset in a thriving Utah market. The lease commenced on April 26, 2017, and has a total term of 10.3 years.