4252 S 700 E Salt Lake City, UT 84107
Two-story office building with long-term lease and future development potential.
Lot size:
0.58 AcresProperty Features for 4252 S 700 E
General Information
- Standard status
- Active
- Lot size
- 0.58 Acres
Source:
Exprealty
Listing Agency: Investment Realty Advisors LLC Listing Agent: Joseph Mills
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Two-Story Office Building with Lease
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.
Location Intelligence
Current Use by Public Records
The DeBry Law Firm
Attorney
Mighty Lawyers
Legal Services
Location Insight
- Map
- Local Demand
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.872005
- Latitude
- 40.678762
Nearby Similar for Sale
FAQs
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 Salt Lake City, 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.