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Monumetric 42 N 650 W

17,456 SF 100% Leased Office Building Farmington, UT 84025 $7,654,068 CAD ($438 CAD/SF) 7.76% Cap Rate

Executive Summary

Located in the heart of Farmington, Utah, this modern and recently renovated commercial property offers an exceptional opportunity for businesses seeking a premium office space in a prime location. The property is within walking distance of Station Park, one of Utah’s premier retail and dining destinations, and the Frontrunner train station, providing seamless access to major transit hubs and regional connectivity. It’s also conveniently situated near walking and bike trails, creating an ideal work environment that balances productivity with lifestyle amenities.
This 1.314-acre property, built in 2010, features a rentable space of 17,456 square feet. Designed with contemporary businesses in mind, the interior includes 16 private offices, 4 conference rooms, 5 break-out offices, 6 large workspaces, and 2 break rooms, all complemented by an open-concept industrial design. The building offers stunning mountain views and direct proximity to the Farmington Creek greenbelt, providing an inspiring work atmosphere. The building is classified as Class B and constructed with durable masonry materials, ensuring quality and longevity. Additionally, the property includes ample parking with 76+ stalls and a building-to-land ratio of 30%.
Technology companies and modern businesses will appreciate the robust infrastructure, featuring high-speed fiber up to 10 Gbps/10 Gbps, ensuring uninterrupted connectivity. Security is a top priority, with secured access via door fobs and advanced building automation systems in place to enhance convenience, safety and efficiency.
Strategically positioned for maximum exposure, the property boasts approximately 180 feet of frontage on Phoenix Way, 325 feet on State Street, and 240 feet on Legacy Parkway. The high traffic counts in the area, with an estimated 188,500 annual average daily traffic (AADT), make this an excellent choice for businesses seeking visibility and accessibility.
The surrounding area is rich in amenities, with over 45 restaurants, two hotels, and two grocery stores located nearby. Employees will enjoy walking distance access to Station Park’s dining and retail options, as well as nearby public transportation, including bus stops and the FrontRunner train station. The property also provides direct access to multiple walking and biking trails, enhancing its appeal to businesses that prioritize employee wellness.
Accessibility is another key advantage of this property. It is conveniently connected to major highways, including I-15, Legacy Parkway (UT-67), Hwy-89, and the West Davis Corridor (UT-177). Salt Lake City International Airport and Downtown Salt Lake City are just 20 minutes away, and Ogden is only a 25-minute drive. The proximity to the new North Farmington Station development, a 317-acre mixed-use project, further enhances the property’s appeal as an investment in a rapidly growing area.
This property is zoned TMU (Transit Mixed Use), allowing for diverse applications, including office, retail, and multi-family use, making it a versatile choice for investors or business owners. Its modern amenities, strategic location, and adaptable zoning make it ideal for corporate headquarters, co-working spaces, or mixed-use developments.
Don’t miss this opportunity to secure a high-quality, well-connected commercial property in one of Utah’s most dynamic areas. Contact us today to schedule a private tour and discover the full potential of this exceptional listing.

Attachments

Brochure

Financial Summary (Pro forma - 2024) 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 (Pro forma - 2024) 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 or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Office/Residential
Building Size
17,456 SF
Building Class
B
Year Built/Renovated
2010/2022
Price
$7,654,068 CAD
Price Per SF
$438 CAD
Cap Rate
7.76%
NOI
$593,805 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,728 SF
Building FAR
0.31
Land Acres
1.31 AC
Zoning
TMU - Transit Mixed Use (TMU). Uses allowed with current zoning: Office, retail, Multi-family, etc.
Parking
76 Spaces (4.35 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Atrium
  • Controlled Access
  • Commuter Rail
  • Conferencing Facility
  • Security System
  • Signage
  • Skylights
  • Wheelchair Accessible
  • Kitchen
  • Accent Lighting
  • Reception
  • Storage Space
  • PATH
  • Central Heating
  • DDA Compliant
  • High Ceilings
  • Natural Light
  • Open-Plan
  • Partitioned Offices
  • Plug & Play
  • Secure Storage
  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • B10 Capital
  • Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Inspyre Labs
  • Professional, Scientific, and Technical Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Monumetric
  • Professional, Scientific, and Technical Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Stiry
  • Professional, Scientific, and Technical Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Wasatch Therapy, Inc
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
B10 Capital Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Inspyre Labs Professional, Scientific, and Technical Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Monumetric Professional, Scientific, and Technical Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Stiry Professional, Scientific, and Technical Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Wasatch Therapy, Inc Health Care and Social Assistance 99,999 SF $9.99 Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste B
  • 14,386 SF
  • Office
  • Full Build-Out
  • 30 Days

Owner will consider sale of property. Amazing location within walking distance of Station Park and the Frontrunner train. A modern and recently renovated office space that caters to the expectations of today's technology companies. Everything but CAM and janitorial is included here: utilities, 1Gbps/1Gbps Fiber internet (can be upgraded to 10Gps/10Gbps), facility maintenance, taxes, etc. Each space is secured with door fobs and building automations. Current network infrastructure can handle up to 2,100 wireless devices and LAN is ran throughout. Currently has four conference rooms with several spaces that can function as team rooms, conference rooms or dedicated offices.

Space Size Space Use Condition Available
1st Fl-Ste B 14,386 SF Office Full Build-Out 30 Days

1st Fl-Ste B

Size
14,386 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

1st Fl-Ste B

Size 14,386 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Owner will consider sale of property. Amazing location within walking distance of Station Park and the Frontrunner train. A modern and recently renovated office space that caters to the expectations of today's technology companies. Everything but CAM and janitorial is included here: utilities, 1Gbps/1Gbps Fiber internet (can be upgraded to 10Gps/10Gbps), facility maintenance, taxes, etc. Each space is secured with door fobs and building automations. Current network infrastructure can handle up to 2,100 wireless devices and LAN is ran throughout. Currently has four conference rooms with several spaces that can function as team rooms, conference rooms or dedicated offices.

Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 08-087-0177
  • 08-087-0180
Land Assessment
$629,554 CAD
Improvements Assessment
$1,432,219 CAD
Total Assessment
$2,061,773 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
  • Listing ID: 34153255

  • Date on Market: 2024-12-10

  • Last Updated:

  • Address: 42 N 650 W, Farmington, UT 84025

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