1875 S. State Street Orem, Utah 84097
1875 S. State Street, Orem, UT 84097
$8,988,525
Square Footage
46,095 SF
Acreage
1.70 Acres
Zoning
C2
Year Built
1978
Property Overview
Positioned at 1875 S. State Street in Orem, this exceptional investment opportunity offers an outstanding combination of scale, stability, and location. Encompassing 46,095 square feet and attractively priced at $195/SF ($8,988,525), the property delivers a solid 5.5% cap rate with just 5% vacancy. Ideally located near both Brigham Young University and Utah Valley University, it benefits from consistent demand driven by a thriving local economy anchored by major technology companies, healthcare providers, and educational institutions. Tenants enjoy newly renovated office suites, ample parking, easy access to public transportation, and premium amenities including an indoor fitness center, racquetball courts, and new basketball and pickleball courts. With credit tenants in place and full ADA compliance, this asset presents a compelling opportunity for investors seeking reliable income and long-term appreciation in one of Utah’s most dynamic markets.
Key Highlights
- Newly renovated office suites
- Shared access to an indoor fitness center equipped with sauna, weight room, racquetball, basketball, and pickleball courts
- Ample parking
- Ideal location along Orem State Street
- Close to both BYU and UVU
- Easy access to public transportation
