- For Sale $3,500,000
- Property Type Industrial - Warehouse/Distribution
- Lot Size 1.75 SF
- Additional Rent Contact for pricing
- Date Updated Nov 18, 2024
Strategically located near major highways, this property is just 500 feet from I-15 Exit 272, right off Canyon Parkway, offering excellent accessibility for logistics and commuting. Situated in the heart of the Orem industrial district, part of the Provo-Orem Metropolitan Statistical Area, this property benefits from being in a significant economic hub of Utah. The layout and size of this property are ideal for various industrial applications, including manufacturing, warehousing, and distribution. With industrial properties in Orem experiencing steady rental growth, this property offers rents significantly below market rates, presenting an exceptional value-add investment opportunity. The area boasts a low industrial vacancy rate of just 2%, ensuring nearly zero vacancy for this property.
Gerber Collision & Glass, an automotive repair and maintenance company founded in 1937 and headquartered in Elmhurst, Illinois, is the tenant. As part of Boyd Group Services Inc. (TSX: BYD), Gerber Collision & Glass offers collision repair, automotive glass replacement, and related services, operating over 500 locations across North America. Backed by Boyd Group Services Inc., Gerber Collision & Glass shows strong revenue and growth through organic expansion and strategic acquisitions, maintaining consistent profitability with healthy margins and cash flow. Engaging in long-term triple net (NNN) leases, Gerber ensures stability and predictable income, supported by the financial strength of Boyd Group Services Inc., making it a low-risk tenant with ongoing expansion plans.
This property is a prime investment opportunity with excellent tenant stability and strong growth potential.
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Attachments
False
Contacts
Location
Getting Around
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Walk Score ®
45/100
Car-Dependent
-
Transit Score ®
24/100
Minimal Transit
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Bike Score ®
39/100
Somewhat Bikeable
- City Orem, UT
- Neighborhood Timpview
- Zip Code 84057
- Market Salt Lake City
Points of Interest
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Vineyard
1.12 miles
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Olde Towne Train Station
3.68 miles
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Provo
6.99 miles
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Chevron
0.25 miles
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Maverik
0.31 miles
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Sinclair
0.50 miles
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Holiday Oil
0.86 miles
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7-Eleven
1.19 miles
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Exxon
1.33 miles
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UVU parking W2
2.38 miles
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Ride Share Lot
0.32 miles
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Park and Ride - Lindon
0.90 miles
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North Parking Lot
1.02 miles
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Orem Community Hospital Parking
1.37 miles
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UVU Lot L10
2.09 miles
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UVU Lot L9
2.18 miles
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UVU Lot L12
2.20 miles
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UVU Lot L8
2.25 miles
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UVU Lot L6
2.28 miles
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UVU Lot W1
2.33 miles
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Culver's
0.32 miles
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McDonald's
0.35 miles
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Pollos Asados de la Rosa
0.37 miles
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Subway
0.38 miles
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Sushi Up
0.38 miles
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Taco Bell
0.41 miles
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Taco Time
0.44 miles
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Mo' Bettahs
0.67 miles
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Swig
0.68 miles
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Panda Express
0.70 miles
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Plaza Las Americas
0.38 miles
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WinCo Foods
0.46 miles
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Vasa
1.30 miles
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Macey's Food and Drug
1.51 miles
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NPS Store
1.62 miles
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Target
2.03 miles
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Smith's
2.32 miles
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Walmart Supercenter
2.39 miles
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Harmon's
2.84 miles
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TJ Maxx
3.08 miles
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Planned Parenthood
0.36 miles
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Intermountain Orem WorkMed
0.59 miles
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Timpanogos Regional Hospital
0.83 miles
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Utah Valley Imaging
1.18 miles
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Orem Community Hospital
1.37 miles
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Walgreens
1.44 miles
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Macey's Pharmacy
1.49 miles
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Center for Change
1.55 miles
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Intermountain North Orem Clinic
1.55 miles
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Fire Station #2
1.72 miles
Frequently Asked Questions
How much does Gerber Collision and Glass cost?
The space currently listed for sale at Gerber Collision and Glass asks for $3,500,000.
What is the total square footage of Gerber Collision and Glass?
Gerber Collision and Glass totals 24,206 square feet.
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