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Monumetric 42 N 650 W
17,456 SF 100% Leased Office Building Farmington, UT 84025 $5,400,000 ($309/SF) 7.76% Cap Rate
Executive Summary
This 1.314-acre property, built in 2010, features a rentable space of 17,456 square feet. Designed with contemporary businesses in mind, the interior includes 16 private offices, 4 conference rooms, 5 break-out offices, 6 large workspaces, and 2 break rooms, all complemented by an open-concept industrial design. The building offers stunning mountain views and direct proximity to the Farmington Creek greenbelt, providing an inspiring work atmosphere. The building is classified as Class B and constructed with durable masonry materials, ensuring quality and longevity. Additionally, the property includes ample parking with 76+ stalls and a building-to-land ratio of 30%.
Technology companies and modern businesses will appreciate the robust infrastructure, featuring high-speed fiber up to 10 Gbps/10 Gbps, ensuring uninterrupted connectivity. Security is a top priority, with secured access via door fobs and advanced building automation systems in place to enhance convenience, safety and efficiency.
Strategically positioned for maximum exposure, the property boasts approximately 180 feet of frontage on Phoenix Way, 325 feet on State Street, and 240 feet on Legacy Parkway. The high traffic counts in the area, with an estimated 188,500 annual average daily traffic (AADT), make this an excellent choice for businesses seeking visibility and accessibility.
The surrounding area is rich in amenities, with over 45 restaurants, two hotels, and two grocery stores located nearby. Employees will enjoy walking distance access to Station Park’s dining and retail options, as well as nearby public transportation, including bus stops and the FrontRunner train station. The property also provides direct access to multiple walking and biking trails, enhancing its appeal to businesses that prioritize employee wellness.
Accessibility is another key advantage of this property. It is conveniently connected to major highways, including I-15, Legacy Parkway (UT-67), Hwy-89, and the West Davis Corridor (UT-177). Salt Lake City International Airport and Downtown Salt Lake City are just 20 minutes away, and Ogden is only a 25-minute drive. The proximity to the new North Farmington Station development, a 317-acre mixed-use project, further enhances the property’s appeal as an investment in a rapidly growing area.
This property is zoned TMU (Transit Mixed Use), allowing for diverse applications, including office, retail, and multi-family use, making it a versatile choice for investors or business owners. Its modern amenities, strategic location, and adaptable zoning make it ideal for corporate headquarters, co-working spaces, or mixed-use developments.
Don’t miss this opportunity to secure a high-quality, well-connected commercial property in one of Utah’s most dynamic areas. Contact us today to schedule a private tour and discover the full potential of this exceptional listing.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Pro forma - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Amenities
- 24 Hour Access
- Atrium
- Controlled Access
- Commuter Rail
- Conferencing Facility
- Security System
- Signage
- Skylights
- Wheelchair Accessible
- Kitchen
- Accent Lighting
- Reception
- Storage Space
- PATH
- Central Heating
- DDA Compliant
- High Ceilings
- Natural Light
- Open-Plan
- Partitioned Offices
- Plug & Play
- Secure Storage
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- B10 Capital
- Services
- 99,999 SF
- $9.99
- Lorem Ipsum
- Jan 0000
- Inspyre Labs
- Professional, Scientific, and Technical Services
- 99,999 SF
- $9.99
- Lorem Ipsum
- Jan 0000
- Monumetric
- Professional, Scientific, and Technical Services
- 99,999 SF
- $9.99
- Lorem Ipsum
- Jan 0000
- Stiry
- Professional, Scientific, and Technical Services
- 99,999 SF
- $9.99
- Lorem Ipsum
- Jan 0000
- Wasatch Therapy, Inc
- Health Care and Social Assistance
- 99,999 SF
- $9.99
- Lorem Ipsum
- Jan 0000
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
B10 Capital | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
Inspyre Labs | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
Monumetric | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
Stiry | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
Wasatch Therapy, Inc | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Owner will consider sale of property. Amazing location within walking distance of Station Park and the Frontrunner train. A modern and recently renovated office space that caters to the expectations of today's technology companies. Everything but CAM and janitorial is included here: utilities, 1Gbps/1Gbps Fiber internet (can be upgraded to 10Gps/10Gbps), facility maintenance, taxes, etc. Each space is secured with door fobs and building automations. Current network infrastructure can handle up to 2,100 wireless devices and LAN is ran throughout. Currently has four conference rooms with several spaces that can function as team rooms, conference rooms or dedicated offices.
Space | Size | Space Use | Condition | Available |
1st Fl-Ste B | 14,386 SF | Office | Full Build-Out | 30 Days |
1st Fl-Ste B
Size |
14,386 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
30 Days |
1st Fl-Ste B
Size | 14,386 SF |
Space Use | Office |
Condition | Full Build-Out |
Available | 30 Days |
Owner will consider sale of property. Amazing location within walking distance of Station Park and the Frontrunner train. A modern and recently renovated office space that caters to the expectations of today's technology companies. Everything but CAM and janitorial is included here: utilities, 1Gbps/1Gbps Fiber internet (can be upgraded to 10Gps/10Gbps), facility maintenance, taxes, etc. Each space is secured with door fobs and building automations. Current network infrastructure can handle up to 2,100 wireless devices and LAN is ran throughout. Currently has four conference rooms with several spaces that can function as team rooms, conference rooms or dedicated offices.
PROPERTY TAXES
Parcel Numbers | Total Assessment | $1,457,073 | |
Land Assessment | $444,911 | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $1,012,162 | Tax Year | 2024 |
PROPERTY TAXES
Presented by
Blue Dot Holdings
Monumetric | 42 N 650 W
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