Progression Building | 727 E Utah Valley
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Progression Building 727 E Utah Valley
55,949 SF Vacant Office Building American Fork, UT 84003 $10,054,353 CAD ($180 CAD/SF) 9% Cap Rate
Executive Summary
• Potential Redevelopment Opportunity
• Estimated Annual Operating Expense: $7.50/sq ft
• Acreage: 4.141 (Significant Excess Acreage for Expansion)
• Zoning: Commercial (Opportunity Zone)
• Estimated Annual Operating Expense: $7.50/sq ft
• Acreage: 4.141 (Significant Excess Acreage for Expansion)
• Zoning: Commercial (Opportunity Zone)
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Building Size
55,949 SF
Building Class
B
Year Built
1998
Price
$10,054,353 CAD
Price Per SF
$180 CAD
Cap Rate
9%
NOI
$904,892 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
18,650 SF
Slab To Slab
11’
Building FAR
0.31
Land Acres
4.14 AC
Opportunity Zone
Yes
Parking
324 Spaces (5.79 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Raised Floor
- Signage
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PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $0 CAD | |
Land Assessment | $0 CAD | Total Assessment | $12,781,314 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$12,781,314 CAD
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Progression Building | 727 E Utah Valley
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