Single-Tenant Industrial
Industrial Office/Warehouse/Yard - 4.5 Acres - With Income
345 E Riverside Dr, St. George, UT 84790
Listing Price: $8,375,000
Investment Overview
Anticipated occupancy date for a new tenant shall be on or before August 2025 in order to allow the Bureau of Land Management the ability to fulfill its lease term.
Overview:
Marcus & Millichap is pleased to present an incredible opportunity to purchase or lease a single or multi-tenant ?ex warehouse/of?ce building plus a secured ware-yard situated upon a large 4.5 acre lot on strategically located East Riverside Drive just east of Interstate 15.
The Bureau of Land Management has occupied this building since 1997 and is currently planning a re-location due to an expansion requirement for additional building and yard space.
The subject property is an ideal location for many tenant uses. Some of the many building enhancements include a remodeled lobby area with added safety barriers, updated HVAC systems, recently replaced carpet, an updated parking lot, site improvements including concrete added to improve drainage, as well as ongoing periodic maintenance. The rear of the property includes a gated ware-yard with covered parking, secure storage, and a storage building.
The subject is a free-standing building containing a total of 30,867 square feet, split between 25,035 square feet of office space (81%) and 5,832 square feet (19%) raised warehouse that includes mezzanine storage. The premises provide 16% of the site coverage with a Land-to-Building ratio of 6.35 : 1. Additional amenities include approximately 1,260 square feet of covered yard parking and a 600 square foot block storage building.
Excellent investment option with attractive in-place income through the remainder of the lease term with current tenant, the Bureau of Land Management, which is currently set to expire by July 30, 2025. The rental rate is scheduled to increase in May 2025 through the end of the lease term, although the tenant intends to vacate the premises by April 30, 2025.
The interior features a reception area, office areas, a bull pen office and storage areas. Floor coverings include carpet and concrete. The walls are painted drywall and the ceilings are 10 foot high drop tile. There are 7 restrooms located within the facility.
Mechanical systems include 110/220 3-phase electrical, fire sprinklers and a security system.
There are 124 surface parking spaces representing a 4.02/1,000 parking ratio.
Commercial front and man doors are located around the office area. The warehouse has a large roll-up door with a man door. Warehouse space features heat and evaporative cooling.
Investment Highlights
- Well-located single-tenant office/warehouse building situated upon a large 4.5 acre lot.
- Free-standing building containing a total of 30,867 square feet, split between 25,035 square feet of office space (81%) and 5,832 square feet (19%) raised warehouse that includes mezzanine storage.
- Rear of the property includes a gated ware-yard with covered parking, secure storage, and a storage building.
- Remodeled lobby area with added safety barriers, updated HVAC systems, recently replaced carpet, updated parking lot, concrete added to improve drainage, periodic ongoing maintenance. Mechanical systems include 110/220 3-phase electrical, fire sprinklers, and a security system. 124 surface parking spaces representing a 4.02 : 1,000 parking ratio.
- Estimated 480 linear feet of frontage along East Riverside Drive.
- Formerly built-to-suit for the Bureau of Land Management St. George Field Office.
- Anticipated occupancy date for a new tenant shall be on or before May 2025 in order to allow the Bureau of Land Management the ability to fulfill its lease term
- Landlord is agreeable to making reasonable building/site improvements to satisfy lessee requirements (to be amortized over the initial lease term at a market rate of interest).
Broker of Record
Financing By
Single-Tenant Industrial
Industrial Office/Warehouse/Yard - 4.5 Acres - With Income
Listing Price: $8,375,000
Investment Highlights
- Well-located single-tenant office/warehouse building situated upon a large 4.5 acre lot.
- Free-standing building containing a total of 30,867 square feet, split between 25,035 square feet of office space (81%) and 5,832 square feet (19%) raised warehouse that includes mezzanine storage.
- Rear of the property includes a gated ware-yard with covered parking, secure storage, and a storage building.
- Remodeled lobby area with added safety barriers, updated HVAC systems, recently replaced carpet, updated parking lot, concrete added to improve drainage, periodic ongoing maintenance. Mechanical systems include 110/220 3-phase electrical, fire sprinklers, and a security system. 124 surface parking spaces representing a 4.02 : 1,000 parking ratio.
- Estimated 480 linear feet of frontage along East Riverside Drive.
- Formerly built-to-suit for the Bureau of Land Management St. George Field Office.
- Anticipated occupancy date for a new tenant shall be on or before May 2025 in order to allow the Bureau of Land Management the ability to fulfill its lease term
- Landlord is agreeable to making reasonable building/site improvements to satisfy lessee requirements (to be amortized over the initial lease term at a market rate of interest).
Investment Overview
Anticipated occupancy date for a new tenant shall be on or before August 2025 in order to allow the Bureau of Land Management the ability to fulfill its lease term. Overview: Marcus & Millichap is pleased to present an incredible opportunity to purchase or lease a single or multi-tenant ?ex warehouse/of?ce building plus a secured ware-yard situated upon a large 4.5 acre lot on strategically located East Riverside Drive just east of Interstate 15. The Bureau of Land Management has occupied this building since 1997 and is currently planning a re-location due to an expansion requirement for additional building and yard space. The subject property is an ideal location for many tenant uses. Some of the many building enhancements include a remodeled lobby area with added safety barriers, updated HVAC systems, recently replaced carpet, an updated parking lot, site improvements including concrete added to improve drainage, as well as ongoing periodic maintenance. The rear of the property includes a gated ware-yard with covered parking, secure storage, and a storage building. The subject is a free-standing building containing a total of 30,867 square feet, split between 25,035 square feet of office space (81%) and 5,832 square feet (19%) raised warehouse that includes mezzanine storage. The premises provide 16% of the site coverage with a Land-to-Building ratio of 6.35 : 1. Additional amenities include approximately 1,260 square feet of covered yard parking and a 600 square foot block storage building. Excellent investment option with attractive in-place income through the remainder of the lease term with current tenant, the Bureau of Land Management, which is currently set to expire by July 30, 2025. The rental rate is scheduled to increase in May 2025 through the end of the lease term, although the tenant intends to vacate the premises by April 30, 2025. The interior features a reception area, office areas, a bull pen office and storage areas. Floor coverings include carpet and concrete. The walls are painted drywall and the ceilings are 10 foot high drop tile. There are 7 restrooms located within the facility. Mechanical systems include 110/220 3-phase electrical, fire sprinklers and a security system. There are 124 surface parking spaces representing a 4.02/1,000 parking ratio. Commercial front and man doors are located around the office area. The warehouse has a large roll-up door with a man door. Warehouse space features heat and evaporative cooling.
Broker of Record
Financing By

