Triple-Net Leased Office
9075 S Riverside Dr Sandy, UT 84070
For Sale
Contact for pricing
Renovated in 2020 office building on 1.26 acres with 64 parking stalls and quick freeway access.
Property Size10,875 SF
Lot Size1.26 Acres
Price / SF$234.48
Days on Market461
Property Features for 9075 S Riverside Dr
General Information
- Standard status
- Active
- Size
- 10,875 SF
- Lot size
- 1.26 Acres
- Property subtype
- OFFICE
Listing Agency:
Colliers | Utah County
(801) 597-7588
Listed By:
Mark Haroldsen · License #UT 5791684-AB00
(801) 597-7588
Source:
Moodyscre
Added: Apr 21, 2025
Changed: Jul 25
Last Checked: Jul 25 at 3:48AM
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 Colliers | Utah County
Investment Insights
Based on property information with market context.
This triple-net leased office building was renovated in 2020 and is being offered in the Industrial & Office zone. The property sits on 1.26 acres and includes 64 parking stalls to support on-site operations and tenant needs. The asking structure reflects an 8.5% cap rate, with financials available upon request for the credit tenant.
The building offers quick, easy freeway access, supporting straightforward commuting and deliveries. It is located less than two miles from TRAX Historic Sandy Station, providing nearby transit connectivity.
With 10,875 square feet of office space, the offering is positioned for buyers seeking an industrial-and-office zoned asset configured for continued occupancy under a triple-net lease.
The building offers quick, easy freeway access, supporting straightforward commuting and deliveries. It is located less than two miles from TRAX Historic Sandy Station, providing nearby transit connectivity.
With 10,875 square feet of office space, the offering is positioned for buyers seeking an industrial-and-office zoned asset configured for continued occupancy under a triple-net lease.
Key Highlights
- Triple net leased property with an 8.5% cap rate
- Building renovated in 2020
- Zone: Industrial & Office
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $233.6k | $21.48 |
| − Vacancy | −$23.4k | −$2.15 |
| EGI | $210.2k | $19.33 |
| − OpEx | −$52.6k | −$4.83 |
| NOI | $157.7k | $14.50 |
10,875 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.25M
$1.97M – $2.63M
NOI $157,677 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$144.80M
$126.70M – $168.94M
NOI $10,136,324 @ 7.0% cap · market cap 397.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Renovated in 2020 office building on 1.26 acres with 64 parking stalls and quick freeway access.
Where is this office building located?
The property is located at 9075 S Riverside Dr Sandy, UT.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Triple net leased property with an 8.5% cap rate; Building renovated in 2020; Zone: Industrial & Office
