313-315 N. State Street, Orem, UT
Office for Sale - $1,000,000 - 7,966 Sq. Ft.
Property Info
| CIMLS# | 1127942 |
| Location 313-315 N. State Street Orem UT 84057 | |
| Updated | July 19th, 2022 |
| Type | Office |
| Price | $1,000,000 |
| Building | 7,966 Sq. Ft. |
Property Description
7,200 SF Medical/General Office
Current Tenant has Occupied for 7 Years
Monument Signage Available
Courtyard Area with Mature Trees
New Roof, HVAC and Mechanical
Great Location with Excellent Exposure on State Street
Close Proximity to Timpanogos Hospital
and Orem Community Hospitals
Easy Access to I-15
Financials
- Lease Type: Modified Gross
- Lease Term: 5 Years (New Lease Signed Upon Closing)
Current Gross Income: $63,900.00
Cap Rate (Proforma): 7.9%
NOI (Proforma): $86,400.00
Purchase Price Reduced: $1,000,000.00