Two-Story Office Building with Lease

4252 S 700 E, Murray, UT 84107

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For Sale

$3,500,000

Two-story office building with long-term lease and future development potential.

Property size:

10,282 SF

Lot size:

0.58 Acres

Price / SF:

$340/SF

HighLights

Long‑term single tenant lease (123 months) with a well‑known law firm in place, providing stable income.
Attractive CAP Rate of 5.29%, escalating to 6.6%.
Annual base rent increases of 2.5%, ensuring growing returns.
Future development potential on the .58‑acre lot after the lease expires.
Functional office space with 25 private offices, open work areas, 3 board rooms, and a break room.
Ample parking available for employees and visitors.

We can help!

Listing Contact

Joseph Mills

For Sale

$3,500,000

Two-story office building with long-term lease and future development potential.

Property size:

10,282 SF

Lot size:

0.58 Acres

Price / SF:

$340/SF

Added:: Apr 15, 2025
Days on Market:: 424
Last Refresh:: Jan 14 at 8:46 am

Property Features for 4252 S 700 E

General Information

Standard status: Active
Size: 10,282 SF
Lot size: 0.58 Acres

We can help!

Listing Contact

Joseph Mills

Listing agent Joseph Mills

Listing office Investment Realty Advisors LLC

Listing date Apr 15, 2025

Source Exprealty

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All listing content including descriptions, pricing, images are the copyrighted material of Investment Realty Advisors LLC

HighLights

Long‑term single tenant lease (123 months) with a well‑known law firm in place, providing stable income.
Attractive CAP Rate of 5.29%, escalating to 6.6%.
Annual base rent increases of 2.5%, ensuring growing returns.
Future development potential on the .58‑acre lot after the lease expires.
Functional office space with 25 private offices, open work areas, 3 board rooms, and a break room.
Ample parking available for employees and visitors.

Overview

This two-story, 10,282 square foot office building is designed to support a productive and professional workplace. It features a combination of private offices, open work areas, and essential amenities, catering to diverse business needs. The building includes a spacious and welcoming open reception area, three well-appointed board rooms, 25 private offices, a comfortable break room, and open bull pen areas with cubicles. Ample natural light fills the building, creating a bright and inviting work environment. The property is partially furnished, allowing for immediate occupancy with minimal setup, and is well-maintained, ensuring a professional appearance and smooth operation. Ample parking is available for employees and visitors. The property is situated on a 0.58-acre lot with future development potential after the long-term lease expires. There is a cross-access easement over the church-owned lot to the west for additional parking, as well as overflow parking for the church on the subject property on Sundays. The offering includes a 10-year lease with 2.5% annual escalations in place with a well-known law firm, along with the future opportunity for the church to free up the parking overlay, unlocking a higher and better future use.

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Map

City: Murray
County: Salt Lake
State: Utah
Longitude: -111.884
Latitude: 40.6583

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For sale
Office buildings
UT
Murray
84107
4252 S 700 E

What type of property is this?

Office building - Two-story office building with long-term lease and future development potential.

Where is this office building located?

The property is located at 4252 S 700 E Murray, UT.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: Long‑term single tenant lease (123 months) with a well‑known law firm in place, providing stable income.; Attractive CAP Rate of 5.29%, escalating to 6.6%.; Annual base rent increases of 2.5%, ensuring growing returns.