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Progression Building 727 E Utah Valley

55,949 SF Vacant Office Building American Fork, UT 84003 $7,149,000 ($128/SF) 9% Cap Rate

Executive Summary

• Potential Redevelopment Opportunity
• Estimated Annual Operating Expense: $7.50/sq ft
• Acreage: 4.141 (Significant Excess Acreage for Expansion)
• Zoning: Commercial (Opportunity Zone)

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Lease Option
Property Type
Office
Building Size
55,949 SF
Building Class
B
Year Built
1998
Price
$7,149,000
Price Per SF
$128
Cap Rate
9%
NOI
$643,410
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
18,650 SF
Slab To Slab
11’
Building FAR
0.31
Lot Size
4.14 AC
Opportunity Zone
Yes
Parking
324 Spaces (5.79 Spaces per 1,000 SF Leased)

Amenities

  • Courtyard
  • Raised Floor
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 57-024-0034
  • 57-023-0035
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$9,164,400
  • Listing ID: 30378560

  • Date on Market: 12/15/2023

  • Last Updated:

  • Address: 727 E Utah Valley, American Fork, UT 84003

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