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Office

1572 South Dixie Drive

1572 S Dixie Dr, St. George, UT 84770

Listing Price: $5,125,000

Cap Rate
6.24%
Gross SF
25,556
Rentable SF
25,556
Price/Gross SF
$200.54
Lot Size
3.87 acres
Year Built
2002

Investment Overview

Marcus & Millichap is pleased to present an exciting opportunity for an owner-user, tenant, or investor to acquire this move-in ready office building. The famed “Tonaquint Center” is the preeminent building within the prestigious high-tech business park. Built in 2002, 1572 South Dixie Drive is currently a “plug and play” call center featuring +/- 25,556 square feet of single-story, mostly open office space large enough to accommodate the existing 270+ cubicles plus multiple side rooms including offices, conference space, a kitchen and several meeting areas currently set up for training use. Opportunity exists to convert the single-tenant office building to multiple-tenant. Steel beams throughout and high ceilings allow for enhanced sightlines. Fully wired with high-capacity fiber optic lines supported by the adjacent Tonaquint Data Center located just behind the Subject Property. Situated upon a large 3.87-acre parcel, the facility offers tremendous parking capacity with 244 total spaces available accounting for a 9.56 per 1,000 square feet parking ratio. The bustling city of St. George has doubled its growth since 2000 and is currently the fastest growing metro area in the nation. 1572 South Dixie Drive is conveniently located just one mile west of Interstate 15 which is the main thoroughfare between Southern California and Las Vegas, Nevada to Northern Utah, including Salt Lake City and onwards. Maximum visibility at the signalized intersection of South Dixie Drive at West 1600 South Street with traffic counts exceeding 17,000 vehicles per day, and at the entrance to the Tonaquint Center High Tech Business Park .

Investment Highlights

  • Excellent User or Investor Opportunity With $320,000 Annual In-Place Income Through February 2024
  • Available For Immediate Occupancy | Existing Call-Center Tenant Has Ceased Local Operations
  • St. George Ranked #10 on Livability.com's "10 Best Cities for Families"
  • St. George Boasts an Extremely Low Office Vacancy Rate of 2.4% With Increasing Market Rents
  • Oversized 3.87-Acre Parcel Provides Ample Parking (9.56 Spaces Per 1,000 SF Parking Ratio)
  • Exploding Growth Within St. George Market – Nation's Fastest-Growing Metro
  • Abundant Tech Growth Combined With Highly Educated Workforce
  • Proximity to Tremendous Outdoor Recreation Opportunities Including the Grand Canyon, Zion National Park, Moab, and Bryce Canyons, and Brianhead Ski Resort

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) UT: 6250302-SA00

    Utah

Financing By

Office

1572 South Dixie Drive

Listing Price: $5,125,000

Cap Rate
6.24%
Gross SF
25,556
Rentable SF
25,556
Price/Gross SF
$200.54
Lot Size
3.87 acres
Year Built
2002

Investment Highlights

  • Excellent User or Investor Opportunity With $320,000 Annual In-Place Income Through February 2024
  • Available For Immediate Occupancy | Existing Call-Center Tenant Has Ceased Local Operations
  • St. George Ranked #10 on Livability.com's "10 Best Cities for Families"
  • St. George Boasts an Extremely Low Office Vacancy Rate of 2.4% With Increasing Market Rents
  • Oversized 3.87-Acre Parcel Provides Ample Parking (9.56 Spaces Per 1,000 SF Parking Ratio)
  • Exploding Growth Within St. George Market – Nation's Fastest-Growing Metro
  • Abundant Tech Growth Combined With Highly Educated Workforce
  • Proximity to Tremendous Outdoor Recreation Opportunities Including the Grand Canyon, Zion National Park, Moab, and Bryce Canyons, and Brianhead Ski Resort

Investment Overview

Marcus & Millichap is pleased to present an exciting opportunity for an owner-user, tenant, or investor to acquire this move-in ready office building. The famed “Tonaquint Center” is the preeminent building within the prestigious high-tech business park. Built in 2002, 1572 South Dixie Drive is currently a “plug and play” call center featuring +/- 25,556 square feet of single-story, mostly open office space large enough to accommodate the existing 270+ cubicles plus multiple side rooms including offices, conference space, a kitchen and several meeting areas currently set up for training use. Opportunity exists to convert the single-tenant office building to multiple-tenant. Steel beams throughout and high ceilings allow for enhanced sightlines. Fully wired with high-capacity fiber optic lines supported by the adjacent Tonaquint Data Center located just behind the Subject Property. Situated upon a large 3.87-acre parcel, the facility offers tremendous parking capacity with 244 total spaces available accounting for a 9.56 per 1,000 square feet parking ratio. The bustling city of St. George has doubled its growth since 2000 and is currently the fastest growing metro area in the nation. 1572 South Dixie Drive is conveniently located just one mile west of Interstate 15 which is the main thoroughfare between Southern California and Las Vegas, Nevada to Northern Utah, including Salt Lake City and onwards. Maximum visibility at the signalized intersection of South Dixie Drive at West 1600 South Street with traffic counts exceeding 17,000 vehicles per day, and at the entrance to the Tonaquint Center High Tech Business Park .

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): UT: 6250302-SA00

    Utah

Financing By

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