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Modern Office Building with Glass
For Lease
$32 SF/Yr

434 W Ascension Way, Salt Lake City, UT 84123

Modern office building features open floor plates, floor-to-ceiling glass, and freeway visibility near major transit links.

Space Size4,329 SF - 32,098 SF
Days on Market36

Property Features for 434 W Ascension Way

General Information

Standard status Active
Size 4,329 SF - 32,098 SF
Class A
Property subtype office

Site & Location

Traffic Count 213,790 vehicles/day
Highway Access Yes
Road Access Yes

Amenities

fitness center
conference meeting space
outdoor community center
fiber optic connectivity
backup generation
redundant power systems
EV charging stations
direct building access

Spaces For Lease

at 434 W Ascension Way Contact us

Available Space

Floor
1
Size
4,329 SF
Type
Office
Term
Negotiable
Availability
Immediate
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Available Space

Floor
1
Size
6,978 SF
Type
Office
Term
Negotiable
Availability
Immediate
Contact us

Available Space

Floor
2
Size
32,098 SF
Type
Office
Term
Negotiable
Availability
Immediate
Contact us

Available Space

Floor
3
Size
13,191 SF
Type
Office
Term
Negotiable
Availability
Immediate
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Available Space

Floor
1st
Size
5,664 SF
Type
Office
Term
Negotiable
Availability
Q1 2025
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Listing Agency: Salt Lake City
Listed By: David Nixon · License #8606046-SA00
Source: Property.jll
Added: Jul 26 Changed: Aug 26 Last Checked: Aug 30 at 12:55PM

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 modern office property offers efficient, open floor plates with generous floor-to-ceiling glass throughout. The building includes multi-size conference and meeting space, an outdoor community center, and a large on-site fitness center. Connectivity features multiple fiber optic providers, along with backup generation and redundant power infrastructure.

Located at 434 W Ascension Way in Salt Lake City, UT, the property provides immediate freeway access to both I-15 and I-215 and is described as having freeway visibility over 213,790 vehicles per day. The site is also positioned near retail, restaurants, hotels, and The IHC Center, with convenient access to public transportation including Trax, FrontRunner, and UTA bus routes.

Parking is available in a structured garage at approximately 5/1,000 SF, with EV charging stations and direct building access.

Key Highlights

  • Freeway visibility over 213,790 vehicles per day
  • Immediate freeway access to both I‑15 and I‑215
  • Multiple fiber optic provider connectivity

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Restaurant Real Estate Agency Law Firm Hair Salon Spa & Massage Center Dental Office

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

213,790 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$4.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

233
Businesses Nearby

Demographics for 84123, UT

39,489
Population
14,716
Households
2.7
Avg Household Size
34
Median Age
28%
College-Educated
91%
High-School Grad
8.3 sq mi
ZIP Area
4,758
Density / Sq Mi
$80,079
Median Household Income
$42,195
Median Earnings
$1,416
Median Rent
$436,600
Median Home Value

Market

Lease Benchmarks for Salt Lake City, UT

$25.23 /SF/Yr
Avg Asking Price
$16–$38 /SF/Yr
Price Range
13,718 SF
Avg Space Size

This space is priced 27% above the average of $25.23 /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 building - Modern office building features open floor plates, floor-to-ceiling glass, and freeway visibility near major transit links.
Where is this office building located?
The property is located at 434 W Ascension Way Salt Lake City, UT.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: Freeway visibility over 213,790 vehicles per day; Immediate freeway access to both I‑15 and I‑215; Multiple fiber optic provider connectivity
More about this property
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