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
- CAM
- 0
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
- Clear Height
- Yes
- Dock High Doors
- Yes
- Overhead Doors
- Yes
- 3 Phase Power
- Yes
Remarks & Misc
- Public Remarks
- 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
Type of Property
- Industrial Office/Retail Warehouse
- Yes
- Industrial Warehouse
- Yes
- Office
- Yes
Zoning
- Commercial
- Yes
Terms of Sale
- Submit Any Offer
- Yes
Showing Instructions
- Call Listing Agent
- Yes
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.