4949 N 300 W | Provo, UT 84604
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4949 N 300 W
Provo, UT 84604
Vivint Single Tenant Investment · Office Property For Sale
Investment Highlights
- Single Tenant Investment (Vivint, Inc.)
- Critical sales, training and recruiting HQ for Vivint Smart Home
- Adjacent to Shops at Riverwoods, an upscale shopping center includes a variety of retail stores, restaurants, and entertainment options, enhancing the
- Class A, LEED Certified
- Significant, high-end self-funded Tenant Improvements underway (November 2024 completion date)
- Located in the prestigious Riverwoods Office Park
Executive Summary
Newmark and Woodley Real Estate are pleased to announce the availability of the NRG (operating as Vivint Smart Home, Inc.) Provo
Office Building. Located in the prestigious Riverwoods Office Park, this 100,118 square foot Class A office asset presents a strategic
opportunity for investors seeking cash flow at an attractive value.
The property has served as a mission-critical location for Vivint Smart Home, which was acquired by NRG in 2023. Its proximity to
upscale east bench executive housing and a short commute to key employment centers like Brigham Young University (BYU) and Utah
Valley University (UVU) enhances its appeal for employee retention and recruitment.
Office Building. Located in the prestigious Riverwoods Office Park, this 100,118 square foot Class A office asset presents a strategic
opportunity for investors seeking cash flow at an attractive value.
The property has served as a mission-critical location for Vivint Smart Home, which was acquired by NRG in 2023. Its proximity to
upscale east bench executive housing and a short commute to key employment centers like Brigham Young University (BYU) and Utah
Valley University (UVU) enhances its appeal for employee retention and recruitment.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
100,118 SF
Building Class
A
Year Built
2013
Price
$22,000,000
Price Per SF
$220
Cap Rate
10.33%
NOI
$2,272,422
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
33,373 SF
Building FAR
0.80
Lot Size
2.88 AC
Zoning
RBP - Research and Business Park
Parking
356 Spaces (3.56 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Monument Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $20,636,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$20,636,900
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