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1657 N State St 45,000 SF 100% Leased Industrial Building Lehi, UT 84043 $9,801,337 CAD ($217.81 CAD/SF) 6.47% Cap Rate
Executive Summary
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. Could potentially be delivered vacant for owner/user
Building information and square footage figures are provided as a courtesy only. Buyer is advised to verify all information
Building information and square footage figures are provided as a courtesy only. Buyer is advised to verify all information
Property Facts
| Price | $9,801,337 CAD | Lot Size | 2.00 AC |
| Price Per SF | $217.81 CAD | Rentable Building Area | 45,000 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 6.47% | Year Built | 1993 |
| Sale Condition | Lease Option | Clear Ceiling Height | 18’ |
| Property Type | Industrial | No. Dock-High Doors/Loading | 3 |
| Property Subtype | Manufacturing | No. Drive In / Grade-Level Doors | 2 |
| Building Class | B | ||
| Zoning | Mixed Use Commercial - Mixed Use | ||
| Price | $9,801,337 CAD |
| Price Per SF | $217.81 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.47% |
| Sale Condition | Lease Option |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 2.00 AC |
| Rentable Building Area | 45,000 SF |
| No. Stories | 2 |
| Year Built | 1993 |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | Mixed Use Commercial - Mixed Use |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 53-128-0011 | Improvements Assessment | $5,281,954 CAD |
| Land Assessment | $2,490,092 CAD | Total Assessment | $7,772,046 CAD |
Property Taxes
Parcel Number
53-128-0011
Land Assessment
$2,490,092 CAD
Improvements Assessment
$5,281,954 CAD
Total Assessment
$7,772,046 CAD
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1657 N State St
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