Active

119 E 200 N

Alpine UT, 84004

$8,900,000


Active

Commercial

Built in 1990

Legend Partners is proud to present the former Purple Mattress Headquarters. This is an owner-user opportunity to acquire an advanced manufacturing and office site in the prestigious Alpine, Utah. Comprising 90,581 square feet, this specialized manufacturing facility boasts substantial power, high-flow water lines, and many other manufacturing must-haves. Alpine is a city on the northeastern edge of Utah County, Utah. Alpine has been one of the many quickly growing cities of Utah since the 1970s, especially in the 1990s. This city is thirty-two miles southeast of Salt Lake City. It is located on the slopes of the Wasatch Range north of Highland and American Fork. The west side of the city runs above the Wasatch Fault. The area, which would one day become Alpine, was settled by William Wordsworth and several other homesteading families in the fall of 1850. The town was originally called Mountainville, and under the latter name settlement was first made in 1851. The city was renamed because the views from the elevated town site were compared to the Swiss Alps. Since 2010, Forbes has consistently ranked Utah as one of the top five "Best States for Business." The state benefits from light regulation and energy costs that are 23% below the national average. Employment expanded 3.1% year-over-year, making the state the national leader for job growth. Utah has been a tech destination for years, with companies such as eBay, Oracle, Microsoft, Twitter, Facebook, and Amazon building up a heavy presence in the state as a low-cost alternative to California. Today, there are over 7,000 tech and life sciences companies located in Utah. Venture capital firms invested $1.1 billion in Utah in 2019-more than three times the average investment over the past four years. Since the end of the Great Recession in 2009, venture capital investment in Utah companies has grown by 500%, nearly double the national growth rate. The number of deals per year has also more than doubled in the same time period. Utah's economic performance is impressive on many levels and speaks to the State's ability to compete in global markets and attract new business. Companies that have recently expanded within or entered Utah include Adobe, eBay, Amazon, Goldman Sachs, Fidelity, and Twitter. This tenant migration has had a notable impact on the region's unemployment rate, which at 2.4% (February 2023) is the fourth-lowest rate in the U.S.

2056769

MLS ID

December 27, 2024

Listed

January 4, 2025

Updated

Map

119 E 200 N
Alpine UT, 84004

Interior Features

Total Stories

0


Fireplace

No


Cooling

Yes


Cooling Description

Evap Cooler Multi-Vent


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

4.12 Acres

Other Property Details

Area Name

Alpine


Taxes

$55,316


Tax Frequency

Annually


Garage

No


Parking Total

0


View

No


County

Utah


Pool

No


Zoning

Commercial, Industrial

Courtesy of LEGEND PARTNERS ll, LLC

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 11:49 PM UTC, 1/4/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information deemed reliable but not guaranteed and should be independently verified. Properties may or may not be listed by the office/agent presenting the information. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jenelle McColm shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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