Gerber Collision and Glass | 899 Industrial Park Rd
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Gerber Collision and Glass 899 Industrial Park Rd
24,206 SF Retail Building Orem, UT 84057 $3,500,000 ($145/SF) 4.94% Cap Rate
Executive Summary
Strategically located just 500 feet from I-15 Exit 272, this 1.73-acre industrial parcel in Orem, UT, features 4 buildings currently leased to Gerber Collision and Glass. Situated in the heart of Orem's industrial district, this property offers an excellent investment opportunity with significant rental growth potential and minimal vacancy risk.
Prime Location: Easy access from I-15 and Canyon Parkway
Tenant: Stable tenancy with Gerber Collision and Glass
Investment Potential: Below market rental rates offering value-add opportunities
Low Vacancy: Utah County boasts a 2.00% vacancy rate, ensuring near-zero vacancy risk
Prime Location: Easy access from I-15 and Canyon Parkway
Tenant: Stable tenancy with Gerber Collision and Glass
Investment Potential: Below market rental rates offering value-add opportunities
Low Vacancy: Utah County boasts a 2.00% vacancy rate, ensuring near-zero vacancy risk
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
24,206 SF
Building Class
C
Year Built
1975
Price
$3,500,000
Price Per SF
$145
Cap Rate
4.94%
NOI
$172,800
Tenancy
Single
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.32
Lot Size
1.73 AC
Parking
30 Spaces (1.24 Spaces per 1,000 SF Leased)
Frontage
95 FT on N Industrial Park
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 53-444-0003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,158,000 |
PROPERTY TAXES
Parcel Number
53-444-0003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,158,000
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Gerber Collision and Glass | 899 Industrial Park Rd
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