Commercial Real Estate in Lehi, Utah, offers a unique investment opportunity, driven by the city's transition from an agricultural economy to a technological economy. This shift has led to the establishment of various tech companies, including Micron Technology, Intel Corporation, Adobe Systems, and Ancestry.com, making Lehi an attractive location for businesses. Commercial Real Estate in Lehi encompasses a range of properties, including office buildings, retail spaces, and industrial facilities, catering to the diverse needs of companies operating in the area. Lehi's infrastructure, including the presence of IASIS Healthcare and the IM Flash Technologies plant, supports the growth of businesses. The city's proximity to Utah State University's extension at Thanksgiving Point and the availability of amenities like the Lehi Roller Mills and Thanksgiving Point Golf Course make it an attractive location for businesses and employees alike. With its growing economy and diverse range of industries, Lehi is an excellent place for business and travel, featuring attractions like Thanksgiving Point and the Hutchings Museum.
Lehi, Utah, is home to 24 Commercial Real Estate listings, offering a range of investment opportunities. The average price per square foot for Commercial Real Estate in Lehi is $367 USD, with an average size of 78,493 square feet. The largest Commercial Real Estate property available in Lehi spans 339,193 square feet. In addition to Commercial Real Estate, Lehi also features Industrial Properties, which are ideal for companies requiring large-scale manufacturing or storage facilities. Apartment Buildings in Lehi offer a range of residential options, from luxury apartments to affordable housing. Office Properties in Lehi are well-suited for businesses seeking modern, professional spaces. Hotels in Lehi cater to the city's growing tourism industry, with attractions like Thanksgiving Point and the Lehi Roller Mills drawing visitors from across the region. With its diverse range of properties and growing economy, Lehi is an attractive location for businesses and investors alike.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Lehi, Utah, there are several alternatives to consider, including:
- Traditional bank loans, which typically offer competitive interest rates and flexible repayment terms, making them a popular choice for commercial property investors.
- Commercial mortgage-backed securities (CMBS), which provide a way to access capital from a broader range of investors, often with more favorable terms than traditional bank loans.
- Private money lenders, which can offer more flexible and creative financing solutions, often with faster approval times and more lenient credit requirements, making them a good option for investors with unique circumstances or projects.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Lehi, Utah, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 6.58%, investors can gauge the property's potential income generation and make informed decisions about their investment, as outlined in our article on what is a cap rate.
In Lehi, where the average price per square foot is $367 USD and the average property size is 78,493 square feet, understanding cap rates is essential for navigating the 24 available commercial listings and finding the right property to meet your investment goals.
What is considered a commercial property?
In Lehi, Utah, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and industrial facilities, which can be found among the 24 available listings of commercial real estate in the area.
These properties often have unique features, such as average prices per square foot of $367 USD, average sizes of 78,493 square feet, and largest sizes of up to 339,193 square feet, as well as average cap rates of 6.58%, making them attractive to investors and businesses looking to establish a presence in Lehi's growing tech industry.
