23
See all 23 photos
$7,100,000
Est. payment /mo
2 Acres Lot
Active
1657 N STATE ST Lehi, UT 84043
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Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2184157
Construction Status Blt./Standing
HOA Y/N No
Year Built 1993
Annual Tax Amount $30,611
Lot Size 2.000 Acres
Acres 2.0
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Industrial
Property Description
Newly renovated (2022) industrial building conveniently located in Lehi right off the 2100 S I-15 Interchange. Tenant in place. Priced aggressively at a 6.5% cap rate on year 1 NOI. Below market rents with 11% bump in year one, 3% annual bumps thereafter. Priced well below replacement cost and a great price per square foot at $176. Potential Owner/User building as well. Building information and square footage figures are provided as a courtesy only. Buyer is advised to verify all information
Location
State UT
County Utah
Area Am Fork; Hlnd; Lehi; Saratog.
Interior
Fireplace false
Exterior
View Y/N No
Present Use Industrial,Office
Private Pool false
Building
Faces East
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 53-128-0011
Ownership Agent Owned
Horse Property No
Listed by In Depth Realty (Elite)
I CAN HELP YOU MAKE AN OFFER ON THIS PROPERTY
Franco Preston
REALTOR® · Co-founder, Olympus Real Estate License ID: 13266410
+1(801) 403-4185 | h4e.franco@gmail.com