Orem, Utah, is an attractive location for investors seeking to purchase a warehouse, with 2 warehouses for sale in the area. Warehouses in Orem offer a unique opportunity for businesses to establish a presence in a city that is home to a diverse range of industries, including technology, software development, and more. As a significant component of the Provo-Orem, Utah Metropolitan Statistical Area, Orem provides access to a large and growing population of around 100,000 people. The city's proximity to Utah Lake, Interstate 15, and US Highway 89 (State Street) makes it an ideal location for warehousing and distribution. Additionally, Orem is home to Utah Valley University, which provides a skilled workforce and opportunities for collaboration. The city's amenities, including the Orem Splash Pad at Palisade Park, the Skate Park, and City Center Park, which hosts the annual Orem Summerfest, concerts, and cultural events, make it an attractive location for businesses and residents alike.
Orem's warehouses offer a range of opportunities for investors, from small, flexible spaces to larger, more industrial facilities. With an average price per square foot of $284 USD and an average size of 11,646 square feet, Orem's warehouses provide a competitive option for businesses seeking to establish a presence in the area. In addition to warehouses, Orem is also home to a range of other property types, including industrial properties, land, residential income homes, and commercial real estate. The city!s industrial properties offer opportunities for manufacturing and production, while its land provides a blank canvas for development. Residential income homes in Orem provide a steady stream of revenue, and commercial real estate offers opportunities for retail and office space. With its diverse range of property types and amenities, Orem is an attractive location for businesses and investors alike.
What are the key features investors look for in warehouses in Orem?
When searching for warehouses in Orem, investors typically look for properties that offer a strategic location, flexibility, and potential for growth, considering factors such as:
- Proximity to major transportation hubs, including the Frontrunner train and UVX bus rapid transit system, as well as easy access to Interstate 15 and US Highways 89 and 189, to facilitate efficient logistics and supply chain management.
- Warehouse size and layout, with average sizes ranging from 11,646 square feet to 19,337 square feet, and features such as loading docks, high ceilings, and ample parking to accommodate various business needs.
- Competitive pricing, with an average price per square foot of $284 USD and an average cap rate of , making Orem an attractive option for investors seeking a strong return on investment among the 2 available listings.
What size warehouses are available to buy in Orem?
When it comes to warehouses for sale in Orem, you'll find a range of options, with average sizes of 11,646 square feet and a maximum size of 19,337 square feet, offering flexibility for businesses of various scales and needs.
How much does it cost to buy a warehouse in Orem?
When it comes to buying a warehouse in Orem, Utah, the cost can vary depending on the size and features of the property, but based on current listings, the average price per square foot is $284 USD, with an average size of 11,646 square feet, and a largest available size of 19,337 square feet, with an average cap rate of , and with 2 available listings to choose from.
