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Alpine Professional Building 155 W Canyon Crest Rd 10,974 SF 100% Leased Office Building Alpine, UT 84004 $4,640,186 CAD ($422.83 CAD/SF) 6.03% Cap Rate
Executive Summary
Fully leased investment opportunity in Alpine, Utah adjacent to Utah's Silicon Slopes. Alpine is an affluent, ultra-high-net-worth enclave with extremely restricted commercial zoning, keeping local inventory low.
This Investment property represents a highly stabilized, premium commercial real estate opportunity in Utah County's luxury market. This deal structure blends low-risk, recession-resistant medical tenancy with an immediate value-add, owner occupancy or repositioning play for the top floor.
Current owners will execute new NNN leases with 5-7 year term plus extensions.
Built in 2009, the property is well maintained without deferred maintenance. The 40 stall parking lot has been refinished in July 2026.
This Investment property represents a highly stabilized, premium commercial real estate opportunity in Utah County's luxury market. This deal structure blends low-risk, recession-resistant medical tenancy with an immediate value-add, owner occupancy or repositioning play for the top floor.
Current owners will execute new NNN leases with 5-7 year term plus extensions.
Built in 2009, the property is well maintained without deferred maintenance. The 40 stall parking lot has been refinished in July 2026.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Building Size
10,974 SF
Building Class
B
Year Built
2009
Price
$4,640,186 CAD
Price Per SF
$422.83 CAD
Cap Rate
6.03%
NOI
$279,796 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,000 SF
Building FAR
0.38
Lot Size
0.66 AC
Zoning
Commercial - Commercial Area/Alpine Business Corridor
Parking
38 Spaces (3.46 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Wheelchair Accessible
- Reception
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
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Somewhat walkable
20/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 11-023-0073 | Improvements Assessment | $2,539,070 CAD |
| Land Assessment | $603,688 CAD | Total Assessment | $3,142,758 CAD |
Property Taxes
Parcel Number
11-023-0073
Land Assessment
$603,688 CAD
Improvements Assessment
$2,539,070 CAD
Total Assessment
$3,142,758 CAD
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Alpine Professional Building | 155 W Canyon Crest Rd
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