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Post Office Place Building #5 240-254 W Center 17,280 SF 50% Leased Office Building Orem, UT 84057 $4,025,716 CAD ($232.97 CAD/SF) 7.76% Cap Rate
Investment Highlights
- High Traffic Area
- Brand New Roof
- 100 % Occupany and a history of no vacancy for the last 20 years.
- Close I-15 & Freeway Access
- Newly Resurfaced Parking Lot
Executive Summary
-Owner Occupy 4,400 or 8,800 SF on the main floor. The second floor is leased to JUB Engineering, a long-standing tenant that has been in the building for the last 23 years and has no desire to move.
- Annual Rent bumps
- New Roof, multiple new HVAC units, and Parking lot resurfaced and sealed in 2025.
-This can also be a covered land play for multifamily
- This building has the potential to be rented out to four separate tenants with suites of about 4,400 SF.
- Annual Rent bumps
- New Roof, multiple new HVAC units, and Parking lot resurfaced and sealed in 2025.
-This can also be a covered land play for multifamily
- This building has the potential to be rented out to four separate tenants with suites of about 4,400 SF.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
17,280 SF
Building Class
B
Year Built/Renovated
1997/2023
Price
$4,025,716 CAD
Price Per SF
$232.97 CAD
Cap Rate
7.76%
NOI
$312,429 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,800 SF
Slab To Slab
9’
Building FAR
1.07
Lot Size
0.37 AC
Zoning
C2, Residential 6.5 - Zoning Currently Permits the use of all commercial, There is a high likelyhood of Residential 6.0-6.5 to be accepted on the site down the road.
Parking
80 Spaces (4.55 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Monument Signage
- Air Conditioning
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 49-314-0006 | Total Assessment | $3,330,772 CAD |
| Land Assessment | $511,884 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $2,818,888 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
49-314-0006
Land Assessment
$511,884 CAD
Improvements Assessment
$2,818,888 CAD
Total Assessment
$3,330,772 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Post Office Place Building #5 | 240-254 W Center
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