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North Slope 4100 N Chapel Ridge Rd 149,506 SF 100% Leased 4-Star Office Building Lehi, UT 84043 For Sale
Investment Highlights
- North Slope is perched on a hilltop in the heart of Utah’s fast-growing Silicon Slopes region, a dynamic tech corridor stretching from Lehi to Provo
- 5.62 years WALT
- Large parking field provides a 5/1,000 SF parking ratio
- 100% leased
- Selling at a very attractive delta to replacement cost
- Class A LEED Gold certified
Executive Summary
Newmark Mountain West is pleased to present North Slope, a premier Trophy Class A office investment in the heart of Utah’s dynamic Silicon Slopes. Completed in 2018, the five-story, 149,506 SF LEED Gold–certified property exemplifies modern design, sustainability, and strong tenant appeal, positioning it among the market’s most desirable office assets.
Located within Utah County, the state’s fastest-growing county, (capturing 43% of statewide population growth and 40% of new job creation) North Slope sits at the epicenter of long-term demand. The broader Silicon Slopes region, home to more than 1,000 technology companies and a rapidly expanding workforce, continues to attract corporate relocations, venture capital investment, and sustained demand for Class A office space.
The property delivers a premier workplace environment with floor-to-ceiling glass, flexible layouts, and abundant natural light that promotes collaboration, creativity, and employee well-being. Tenants benefit from a robust amenity package, including a fully equipped fitness center, multi-sport court, modern kitchens, and landscaped outdoor gathering areas. Connectivity is unmatched, with I-15 frontage and visibility alongside proximity to the Lehi FrontRunner station, providing seamless access across the Wasatch
Front.
North Slope is currently 100% leased with 5.62 years WALT, supported by a diverse tenant base across technology, finance, and consumer sectors. With replacement costs continuing to rise, the acquisition basis is projected to be approximately 50% of anticipated future development costs, creating a compelling entry point for investors.
North Slope presents a rare opportunity to acquire a stabilized, best-in-class office building at below replacement pricing in Silicon Slopes, one of the nation’s most dynamic and business-friendly tech markets.
Located within Utah County, the state’s fastest-growing county, (capturing 43% of statewide population growth and 40% of new job creation) North Slope sits at the epicenter of long-term demand. The broader Silicon Slopes region, home to more than 1,000 technology companies and a rapidly expanding workforce, continues to attract corporate relocations, venture capital investment, and sustained demand for Class A office space.
The property delivers a premier workplace environment with floor-to-ceiling glass, flexible layouts, and abundant natural light that promotes collaboration, creativity, and employee well-being. Tenants benefit from a robust amenity package, including a fully equipped fitness center, multi-sport court, modern kitchens, and landscaped outdoor gathering areas. Connectivity is unmatched, with I-15 frontage and visibility alongside proximity to the Lehi FrontRunner station, providing seamless access across the Wasatch
Front.
North Slope is currently 100% leased with 5.62 years WALT, supported by a diverse tenant base across technology, finance, and consumer sectors. With replacement costs continuing to rise, the acquisition basis is projected to be approximately 50% of anticipated future development costs, creating a compelling entry point for investors.
North Slope presents a rare opportunity to acquire a stabilized, best-in-class office building at below replacement pricing in Silicon Slopes, one of the nation’s most dynamic and business-friendly tech markets.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
149,506 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2018
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
29,901 SF
Building FAR
1.02
Lot Size
3.37 AC
Zoning
PUD - Planned Urban Development
Parking
748 Spaces (5 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Fitness Center
- Security System
- Signage
- Wheelchair Accessible
- Car Charging Station
- Natural Light
- Outdoor Seating
- Fire Pits
- Air Conditioning
- Fiber Optic Internet
- Backup Power / Generators
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Manufacturing
- -
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$9.99
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Manufacturing | - | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 47-380-0002 | Improvements Assessment | $43,476,684 CAD |
| Land Assessment | $2,961,192 CAD | Total Assessment | $46,437,877 CAD |
Property Taxes
Parcel Number
47-380-0002
Land Assessment
$2,961,192 CAD
Improvements Assessment
$43,476,684 CAD
Total Assessment
$46,437,877 CAD
Contacts
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Bryce Blanchard -
Trigger Reital -
Suzanne Bender -
Steve Walton -
Jeff Rossi -
Newmark
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North Slope | 4100 N Chapel Ridge Rd
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