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Bureau of Land Managament 150 E 900 N 18,725 SF Office Building Richfield, UT 84701 $3,417,625 CAD ($182.52 CAD/SF) 8.50% Cap Rate



Investment Highlights
- Mission-Critical Facility
- Build-to-Suit / Long-Term Stability / Commitment to This Location/Low Rents
- Well-Maintained Property
- United States Government / AA+ Credit
- Synergistic Adjacent GSA Properties
- Richfield, Utah — Central Utah's De Facto Regional Capital
Executive Summary
Fee simple interest in the Bureau of Land Management (BLM) property located in Richfield, Utah (the "Property"). The Property consists of a 100% leased, single-tenant, one-story, two-building 18,725-net-rentable-square-foot office/warehouse facility. The buildings were constructed in 1976 as a build-to-suit for the BLM, and the lease was just renewed for another five-year firm term at the Property commencing June 1, 2025). The Property is a mission-critical facility situated on an ample 1.73 acres that are adjacent to, and enjoy ongoing synergy with, the federal forest fire station. Immediately across the street is the U.S. Forest Service facility.
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Office
Building Size
18,725 SF
Building Class
C
Year Built
1976
Price
$3,417,625 CAD
Price Per SF
$182.52 CAD
Cap Rate
8.50%
NOI
$290,580 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
18,725 SF
Building FAR
0.25
Lot Size
1.73 AC
Parking
67 Spaces (3.58 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | 3-13-1 | Improvements Assessment | $1,638,932 CAD |
| Land Assessment | $285,312 CAD | Total Assessment | $1,924,243 CAD |
Property Taxes
Parcel Number
3-13-1
Land Assessment
$285,312 CAD
Improvements Assessment
$1,638,932 CAD
Total Assessment
$1,924,243 CAD
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Bureau of Land Managament | 150 E 900 N
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