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Grey Shell Office Space
For Lease
$31.50 SF/Yr

1242 E Wilmington Ave, Salt Lake City, UT 84106

7,500 SF office space is offered in grey shell condition for tenant buildout, with onsite covered and secured parking included.

Space Size13,420 SF
Days on Market135

Property Features for 1242 E Wilmington Ave

General Information

Standard status Active
Size 13,420 SF
Class B
Property subtype retail

Spaces For Lease

at 1242 E Wilmington Ave Contact us

Available Space

Floor
1st & 2nd
Size
13,420 SF
Type
Retail
Term
12/31/2030
Availability
Immediate
Sublease
Yes
Contact us
Listing Agency: Salt Lake City
Listed By: David Nixon · License #8606046-SA00
Source: Property.jll
Added: Apr 23 Changed: Sep 3 Last Checked: Sep 4 at 2:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Salt Lake City

Investment Insights

Based on property information with market context.

This offering presents 7,500 SF of office space delivered in grey shell condition, allowing for tenant finishing (TT finishes) to be tailored to the incoming user. The space is available for relocation needs and includes onsite covered and secured parking as part of the lease rate.

The property is described as being in close proximity to shopping and restaurants, supporting convenient day-to-day access for employees and visitors.

A straightforward buildout opportunity is available for a tenant ready to complete improvements after occupancy.

Key Highlights

  • 7,500 SF office space in grey shell condition, ready for tenant finishes
  • Built in 2019
  • Onsite covered and secured parking included in the lease rate

Property Analytics

Current Use

Lead Docket Consultant

Suggested Use

Top Pick Auto Parts Store Daycare Center Storage Facility Big Box & Wholesale Store Building Supply Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.73 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,271
Businesses Nearby

Demographics for 84106, UT

35,892
Population
16,782
Households
2.1
Avg Household Size
35
Median Age
57%
College-Educated
97%
High-School Grad
6.0 sq mi
ZIP Area
5,982
Density / Sq Mi
$94,452
Median Household Income
$56,358
Median Earnings
$1,576
Median Rent
$529,100
Median Home Value

Market

Lease Benchmarks for Salt Lake City, UT

$22.38 /SF/Yr
Avg Asking Price
$9–$69.06 /SF/Yr
Price Range
16,571 SF
Avg Space Size

This space is priced 41% above the average of $22.38 /SF/Yr.

Vacancy Rate% for Office in Salt Lake City, UT

9.7% 2019
14.7% 2020
17.9% 2021
19.3% 2022
23.6% 2023
24.8% 2024
23.1% 2025
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Frequently Asked Questions

What type of property is this?
Office units - 7,500 SF office space is offered in grey shell condition for tenant buildout, with onsite covered and secured parking included.
Where is this office units located?
The property is located at 1242 E Wilmington Ave Salt Lake City, UT.
What is the lease rate?
The lease rate is $31.50 SF/Yr.
What are key features of this property?
This property features: 7,500 SF office space in grey shell condition, ready for tenant finishes; Built in 2019; Onsite covered and secured parking included in the lease rate
More about this property
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