$8,250,000
Provo, UT 84604
MLS# 24-247305
Status: Closed
45933 sqft
1 / 64
Property 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.
Details
Maps
Contract Info
Original List Price: 8250000
List Price/SqFt: 179.61
Offering Type: Sale
Cap Rate: 6.6
Short Sale Status: No
CAM: 0
Lease Price/Annual: 342000
Lse Prc Mnth P/SqFt: 0.88
Lease Type: NNN
List Price: $8,250,000
Current Price: $8,250,000
Listing Date: 2024-01-15
General Property Info
Realtor.com: Commercial
Lot Acres: 2.99
Available SqFt: 45933
# of Floors: 2
Listing Class: Industrial
Total SqFt: 45933
Year Built: 1969
Status Change Info
Sold Price/SqFt: 180.7
Sold Date: 2024-07-16
Under Contract Date: 2024-05-01
Status: Closed
Type of Property
Industrial Office/Retail Warehouse: 1
Industrial Warehouse: 1
Office: 1
Other Features
Clear Height: 1
Clear Height Feet: 12
Dock High Doors: 1
Dock High Doors Comments: 2 doors
Overhead Doors: 1
Overhead Doors Comments: 12 ft high x 10 ft W
3 Phase Power: 1
Zoning
Commercial: 1
Terms of Sale
Submit Any Offer: 1
Showing Instructions
Call Listing Agent: 1
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
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.