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Office Medical

RISE Services, Inc.

703 S State St, Orem, UT 84058

Listing Price: $3,723,000

Cap Rate
6.00%
Gross SF
16,255
Rentable SF
16,255
Price/Gross SF
$229.04
Occupancy
100.0%
Year Built
2000
Lot Size
1.61 acres

Investment Overview

RISE is an innovative human services network originally established in 1987 for the purpose of moving individuals living in institutions into family settings. Since that time, services have grown to support children, adults, and families with a variety of needs across multiple states. Orem, located in Utah County in the north-central part of Utah, has a population of approximately 98,000 people, according 2020 U.S. Census. Orem has a diverse economy, with a mix of retail, healthcare, and technology companies.

Investment Highlights

  • 14 Years Remaining on Corporate-Guaranteed Lease with RISE Services, Inc.
  • Two Percent Annual Rental Increases
  • 1.61 Acre Site, 16,255-Square-Foot Building Recently Renovated in 2021
  • 241,982 Residents Within a Five-Mile Radius - Dense Orem/Provo Infill
  • Rapidly Growing Trade Area - Households and Population Projected to Increase 8 to 10 Percent in the Surrounding Area by 2027
  • High Visibility Location Along State Street (57,000 Cars per Day)
  • Subject Property is Located Between University Place Mall & Downtown Orem, with National Retailers: Costco, Best Buy, Walgreens, Target, and Many More
  • Within a Five to 10-Minute Drive of Central Orem, Downtown Provo, Brigham Young University, and Utah Valley University

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) UT: 6250302-SA00

    Utah

Financing By

Office Medical

RISE Services, Inc.

Listing Price: $3,723,000

Cap Rate
6.00%
Gross SF
16,255
Rentable SF
16,255
Price/Gross SF
$229.04
Occupancy
100.0%
Year Built
2000
Lot Size
1.61 acres

Investment Highlights

  • 14 Years Remaining on Corporate-Guaranteed Lease with RISE Services, Inc.
  • Two Percent Annual Rental Increases
  • 1.61 Acre Site, 16,255-Square-Foot Building Recently Renovated in 2021
  • 241,982 Residents Within a Five-Mile Radius - Dense Orem/Provo Infill
  • Rapidly Growing Trade Area - Households and Population Projected to Increase 8 to 10 Percent in the Surrounding Area by 2027
  • High Visibility Location Along State Street (57,000 Cars per Day)
  • Subject Property is Located Between University Place Mall & Downtown Orem, with National Retailers: Costco, Best Buy, Walgreens, Target, and Many More
  • Within a Five to 10-Minute Drive of Central Orem, Downtown Provo, Brigham Young University, and Utah Valley University

Investment Overview

RISE is an innovative human services network originally established in 1987 for the purpose of moving individuals living in institutions into family settings. Since that time, services have grown to support children, adults, and families with a variety of needs across multiple states. Orem, located in Utah County in the north-central part of Utah, has a population of approximately 98,000 people, according 2020 U.S. Census. Orem has a diverse economy, with a mix of retail, healthcare, and technology companies.

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): UT: 6250302-SA00

    Utah

Financing By

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