1555 N Freedom Blvd, Provo, UT 84604
$8,250,000
Property Type:
Commercial
Square Footage:
45,933
Lot Size (sq. ft.):
130,244
Status:
Pending
Current Price:
$8,250,000
List Date:
1/15/2024
Last Modified:
5/03/2024
Description
The Rig is a strategically located office (34,977 SF) with a warehouse (10,956 SF). Utah leads the nation for population growth, and Utah County in particular has the highest growth rate in the state. Provo ranks 1st in the Nation for Job Growth (Forbes) and 3rd for growth in the Tech industry (Milken Institute). The Rig occupies a prime location within Provo, within walking distance of BYU campus and the bulk of BYU student housing, making it ideal for businesses targeting BYU's unique student workforce.
More Information MLS# 24-247305
Contract Info
Offering Type: Sale
List Price: $8,250,000
Current Price: $8,250,000
List Price/SqFt: 179.61
Cap Rate: 6.6
Lease Price/Annual: 342000
Lse Prc Mnth P/SqFt: 0.88
Lease Type: NNN
Listing Date: 2024-01-15
Short Sale Status: No
Location, Tax & Legal
Geo Lat: 40.255107
Geo Lon: -111.662865
House Number: 1555
Street Direction Pfx: N
Street Name: Freedom
Street Suffix: Blvd
MLS Area: Outside Area
State/Province: UT
Postal Code: 84604
County: Other
Tax ID: 19-068-0033
General Property Info
Listing Class: Industrial
Realtor.com: Commercial
Lot Acres: 2.99
Total SqFt: 45933
Available SqFt: 45933
# Levels: 2
Year Built: 1969
Office/Member Info
Buyer Broker Compensation (BBC): 2.25
Buyer Broker Comp (BBC) Type: %
Status Change Info
Under Contract Date: 2024-05-01
Status: Pending
Other Features
Clear Height Feet: 12
Dock High Doors Comments: 2 doors
Overhead Doors Comments: 12 ft high x 10 ft W
Property Features
Type of Property: Industrial Office/Retail Warehouse; Industrial Warehouse; Office
Other Features: Clear Height; Dock High Doors; Overhead Doors; 3 Phase Power
Showing Instructions: Call Listing Agent
Zoning: Commercial
Terms of Sale: Submit Any Offer
Listing Office: ELEMENT REAL ESTATE BROKERS LLC
Last Updated: May - 03 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.