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Medical For Sale • 10,096 SF
| Anchored by Intermountain Health (IHC) — Utah's largest healthcare system on a 10-year NNN lease of the entire 7,097 SF main floor |
| 9.5-year WALT with 3% annual escalations on all in-place leases |
| 86% pre-leased new construction — Class A medical office delivering September 2026 |
| $302,880 NOI at a 5.50% cap — priced at bank-supported valuation |
| NNN leases at $30.00/SF — minimal landlord responsibilities |
| Built-in upside: final 1,434 SF suite available; stabilizes at 100% occupancy |
| Cap Rate: | 5.51 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| IHC | 7,000 SF | |
| Reach Therapy | 1,500 SF | 5/31/2033 |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Provo Municipal | 47 min | - | 32.9 mi |
| Salt Lake City International | 59 min | - | 45.2 mi |
Ben Nielsen
Keller Williams Salt Lake City
Ben Nielsen
Keller Williams Salt Lake City
