483 W 2310 N, Provo, UT 84604

$5,600,000

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List Price
$5,600,000
Status
ACTIVE
MLS#
2129731
Days on Market
199
Price Change
▼ $200,000 1774998569
Year Built
2022
Parcel Number
46-992-0022
Acres
1.15
Terms
Assumable, Cash, Conventional, Exchange, SBA
County
Utah
Region
Orem; Provo; Sundance

Property Description

Offered for sale is a 10,608 SF single-tenant commercial building leased to a Paul Mitchell School location. The offering is for the real estate only. The operating business is not included. Constructed in 2022, the property features modern building systems and contemporary construction, minimizing near-term capital expenditure risk. The asset is secured by a Triple Net Lease, providing investors with a highly passive ownership structure where the tenant is responsible for taxes, insurance, and maintenance. This results in predictable cash flow and minimal management requirements. The property is located in a strong Provo submarket within Utah County, an area known for consistent population growth, a highly educated workforce, and a diverse economic base anchored by major universities and the expanding Silicon Slopes tech corridor. Strong in-migration and limited availability of newer product continue to support long-term real estate fundamentals. This offering is ideal for investors seeking a low-maintenance, newer construction NNN asset in a high-growth Utah market.

Additional Information

Taxes
$30,293
Exterior Features
Paved Parking
Interior Features
Alarm: Fire, Alarm: Security, Floor Drains, Kitchen, Laundry: Central, Refrigerator, Restroom: Public, Sprinkler System Fire, Video Camera(s), Smart Thermostat(s)
Floor
Concrete
Heating
Forced Air
Roof
Flat, PVC

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Calculator source: Real Geeks

Listing courtesy of Selling Utah Real Estate.

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