Warm Shell Office
For Sale
Contact for pricing
8327 S State St, Sandy, UT 84070
Office building built in 2022 delivered in warm shell condition for an owner-user or tenant buildout.
Property Size9,878 SF
Price / SF$278.40
Days on Market1198
Property Features for 8327 S State St
General Information
Standard status
Active
Size
9,878 SF
Property subtype
OFFICE
Building Details
Year Built
2022
Listing Agency:
JLL | Salt Lake City
(801) 456-9518
Listed By:
Bronson Rawlins · License #8606046-SA00
(801) 949-5066
Source:
Moodyscre
Added: Apr 21, 2023
Changed: Jul 27
Last Checked: Jul 30 at 12:56PM
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 JLL | Salt Lake City
Investment Insights
Based on property information with market context.
Built in 2022, this office building is offered in warm shell condition, providing a partially finished interior suitable for customization to fit your specific requirements. The property is positioned for owner-user occupancy within a new mixed-use development area described as offering high exposure.
Located at 8327 S State St in Sandy, UT 84070, the building benefits from a prominent setting in an active development corridor. This is a straightforward option for a business looking to acquire a newer office asset and tailor the space after closing.
Located at 8327 S State St in Sandy, UT 84070, the building benefits from a prominent setting in an active development corridor. This is a straightforward option for a business looking to acquire a newer office asset and tailor the space after closing.
Key Highlights
- Office building built in 2022
- Delivered in warm shell condition for an owner‑user or tenant buildout
- High exposure in a new mixed‑use development area
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 | $212.2k | $21.48 |
| − Vacancy | −$21.2k | −$2.15 |
| EGI | $191.0k | $19.33 |
| − OpEx | −$47.7k | −$4.83 |
| NOI | $143.2k | $14.50 |
9,878 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.05M
$1.79M – $2.39M
NOI $143,221 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$131.53M
$115.09M – $153.45M
NOI $9,207,045 @ 7.0% cap · market cap 334.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
Explore this area
Business Placement
Demographics for 84070, UT
30,885
Population
12,212
Households
2.5
Avg Household Size
34
Median Age
36%
College-Educated
93%
High-School Grad
7.3 sq mi
ZIP Area
4,231
Density / Sq Mi
$79,414
Median Household Income
$44,013
Median Earnings
$1,578
Median Rent
$429,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building built in 2022 delivered in warm shell condition for an owner-user or tenant buildout.
Where is this office building located?
The property is located at 8327 S State St Sandy, UT.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Office building built in 2022; Delivered in warm shell condition for an owner‑user or tenant buildout; High exposure in a new mixed‑use development area
