Lehi, Utah, is an attractive location for investors looking to purchase office properties, given its strong economy and growing tech industry. Office properties in Lehi offer a range of investment opportunities, from single-story buildings to multi-story complexes, catering to various business needs. With its proximity to major companies like Micron Technology, Intel Corporation, and Adobe Systems, Lehi has become a hub for technological innovation, making it an ideal location for businesses to establish themselves. The city's amenities, such as the IASIS Healthcare hospital and Thanksgiving Point, a nonprofit museum complex and estate garden, provide a high quality of life for employees and residents. Additionally, Lehi's location in Utah County, with easy access to Interstate 15 and State Route 92, makes it an attractive location for businesses looking to establish a presence in the region. The city's growing economy, combined with its natural beauty and outdoor recreational opportunities, make it an excellent choice for businesses and investors alike.
Lehi's office properties are situated in a city that is home to a diverse range of businesses, from tech companies to healthcare providers. Nearby, you'll find commercial real estate opportunities, including retail spaces and warehouses, which can cater to various business needs. Apartment buildings are also available in Lehi, offering a range of housing options for employees and residents. Shopping centers, such as the Outlets at Traverse Mountain, provide a convenient location for businesses to establish a retail presence. Hotels, like the Hyatt Place Lehi, offer accommodations for business travelers and tourists alike. With its strong economy, growing tech industry, and high quality of life, Lehi is an attractive location for businesses and investors looking to establish a presence in the region. The city's office properties, combined with its other commercial real estate opportunities, make it an excellent choice for those looking to invest in a growing and dynamic market.
What is the average price per square foot for office properties in Lehi?
The average price per square foot for office properties in Lehi is $342 USD, with 10 available listings, ranging in size from 31,755 square feet to 125,000 square feet, and offering an average cap rate of 6.38%.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Lehi, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed investment decision.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, often attracting top-tier tenants and commanding higher rental rates.
- Class B office properties offer functional space with standard finishes and amenities, suitable for a wide range of tenants, and are often priced lower than Class A properties.
- Class C office properties are typically older buildings with fewer amenities, and may require renovation or upgrading, but can offer more affordable options for tenants and investors.
