1555 N Freedom Blvd, Provo, UT 84604

$8,250,000

Property Type: Commercial Square Footage: 45,933 Lot Size (sq. ft.): 130,244 Status: Closed

Current Price: $8,250,000 List Date: 1/15/2024 Last Modified: 9/25/2024

Overview

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.

Listing Details MLS# 24-247305

Location, Tax & Legal

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

Contract Info

Offering Type: Sale
Original List Price: 8250000
List Price/SqFt: 179.61
Cap Rate: 6.6
Lease Price/Annual: 342000
Lse Prc Mnth P/SqFt: 0.88
Lease Type: NNN
Short Sale Status: No

General Property Info

Listing Class: Industrial
Realtor.com: Commercial
Lot Acres: 2.99
Total SqFt: 45933
Available SqFt: 45933
# of Floors: 2
Year Built: 1969

Status Change Info

Sold Date: 2024-07-16
Under Contract Date: 2024-05-01
Sold Price/SqFt: 180.7

Other Features

Clear Height Feet: 12
Dock High Doors Comments: 2 doors
Overhead Doors Comments: 12 ft high x 10 ft W

More Information

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: September - 25 - 2024

Information deemed reliable but not guaranteed.