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Panorama at Riverwoods 382 W Park Cir

122,514 SF Vacant Office Building Provo, UT 84604 $20,000,000 ($163/SF)

Investment Highlights

  • Very rare features to Provo/Orem submarket: underground parking and secure storage
  • Third floor balcony with stunning mountain views
  • Modern kitchens on each floor

Executive Summary

Formerly the headquarters of Qualtrics, Imagine Learning, Awardco and Chatbooks, this building is 100% available for an owner-user. Updated Class A finishes including glass walls, exposed brick and open ceilings combine to provide an ideal office environment. In addition, the building features an updated upper floor balcony offering unparalleled views of Mount Timpanogos.
Qualtrics previously outgrew the subject property, leading to their acquisition of the adjacent former Morinda office campus.
Panorama at Riverwoods is strategically located between both Vivint and Qualtrics global headquarters campus environments, in the heart of the most prestigious office research environment in Utah County. Situated next door to the Shops at Riverwoods featuring numerous restaurants and retail services, this location has immediate access to walking and biking trails along the Provo river within a true park setting.
Surrounded by the most prestigious gated residential communities and within walking distance of a diversity of neighborhoods, Panorama is minutes to both Brigham Young University and Utah Valley University – creating the ultimate environment for employee recruitment and retention. Sundance Mountain Resort is located just 10 minutes away up Provo Canyon, recently ranked the #1 ski resort in North America by Conde Nast and a top destination for conferences, recreation and resort living.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
122,514 SF
Building Class
A
Year Built/Renovated
1992/2017
Price
$20,000,000
Price Per SF
$163
Percent Leased
Vacant
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
30,629 SF
Slab To Slab
13’
Building FAR
0.38
Lot Size
7.50 AC
Zoning
RBP
Parking
439 Spaces (3.7 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Controlled Access
  • Security System
  • Signage
  • Kitchen
  • Roof Terrace
  • Storage Space
  • Basement
  • Central Heating
  • Natural Light
  • Open-Plan
  • Reception
  • Outdoor Seating
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Vacant space
  • -
  • 9,180 SF
  • -
  • -
  • Varioius Basement Storage
  • -
  • 11,365 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Vacant space - 9,180 SF - -
Varioius Basement Storage - 11,365 SF - -

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Basement-Ste Garden Level
  • 9,180 SF
  • Office
  • Full Build-Out
  • Now
  • 1st Floor
  • 5,000-36,399 SF
  • Office
  • Full Build-Out
  • Now
  • 2nd Floor
  • 38,574 SF
  • Office
  • Full Build-Out
  • Now
  • 3rd Floor
  • 26,996 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
Basement-Ste Garden Level 9,180 SF Office Full Build-Out Now
1st Floor 5,000-36,399 SF Office Full Build-Out Now
2nd Floor 38,574 SF Office Full Build-Out Now
3rd Floor 26,996 SF Office Full Build-Out Now

Basement-Ste Garden Level

Size
9,180 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size
5,000-36,399 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor

Size
38,574 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Floor

Size
26,996 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

Basement-Ste Garden Level

Size 9,180 SF
Space Use Office
Condition Full Build-Out
Available Now

1st Floor

Size 5,000-36,399 SF
Space Use Office
Condition Full Build-Out
Available Now

2nd Floor

Size 38,574 SF
Space Use Office
Condition Full Build-Out
Available Now

3rd Floor

Size 26,996 SF
Space Use Office
Condition Full Build-Out
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
51-176-0001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$15,133,100
  • Listing ID: 33016350

  • Date on Market: 12/4/2019

  • Last Updated:

  • Address: 382 W Park Cir, Provo, UT 84604

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