For Sale
For Sale
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Year Built
2019
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Total Building Size
6,206 RSF
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Overview
Colliers International is pleased to present the opportunity for qualified investors to acquire Urban Grove, a 105,968 square foot Class A suburban office building located in the heart of Utah’s Silicon Slopes. Urban Grove is located in Pleasant Grove, one of the hottest submarkets in the Salt Lake Metro office market; as well as in the rapidly expanding Silicon Slopes tech office submarket. Urban Grove is centrally located near a very educated workforce population and two of Utah’s largest universities – Brigham Young University (32,000 students) and Utah Valley University (41,000 students). In addition, vital freeway and mass transit access, retail and entertainment amenities and surrounding commercial developments make Urban Grove a dynamic destination for tenants in many industries.
Developed by The Gardner Company, the LEED-designed Urban Grove opened in 2019 with Class A finishes, gorgeous tenant suites and a parking ratio of 5/1,000. The building is 100% occupied with a strong and diverse tenant-mix which includes Orchard Securities, Summit Fulfillment, Ryan Tax Consulting, Intercap Lending, Klas Enterprises, Highland Title, Q Biosciences, and more. The property benefits from impressive architectural features, including a prominent suspended staircase in the main building lobby.
Property Details
Colliers International is pleased to present the opportunity for qualified investors to acquire Urban Grove, a 105,968 square foot Class A suburban office building located in the heart of Utah’s Silicon Slopes. Urban Grove is located in Pleasant Grove, one of the hottest submarkets in the Salt Lake Metro office market; as well as in the rapidly expanding Silicon Slopes tech office submarket. Urban Grove is centrally located near a very educated workforce population and two of Utah’s largest universities – Brigham Young University (32,000 students) and Utah Valley University (41,000 students). In addition, vital freeway and mass transit access, retail and entertainment amenities and surrounding commercial developments make Urban Grove a dynamic destination for tenants in many industries.
Developed by The Gardner Company, the LEED-designed Urban Grove opened in 2019 with Class A finishes, gorgeous tenant suites and a parking ratio of 5/1,000. The building is 100% occupied with a strong and diverse tenant-mix which includes Orchard Securities, Summit Fulfillment, Ryan Tax Consulting, Intercap Lending, Klas Enterprises, Highland Title, Q Biosciences, and more. The property benefits from impressive architectural features, including a prominent suspended staircase in the main building lobby.
- Property TypeOffice
- Submarket
- Year Built2019
- Sale Price$25,684,000
- Total Building Size6,206RSF
- Total Acres2.43
- Cap Rate7.0%
- Number of Floors3
- Building ClassA
- Property ID2178921