Back to Search

Two-Story Office Building with Lease

4252 S 700 E, Murray, UT 84107

View on Map

For Sale

$3,500,000

Two-story office building with long-term lease and future development potential.

Property size:

10,282 SF

Lot size:

0.58 Acres

Price / SF:

$340/SF

HighLights

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.
Future development potential on the .58‑acre lot after the lease expires.
Functional office space with 25 private offices, open work areas, 3 board rooms, and a break room.
Ample parking available for employees and visitors.

We can help!

Listing Contact

Joseph Mills

For Sale

$3,500,000

Two-story office building with long-term lease and future development potential.

Property size:

10,282 SF

Lot size:

0.58 Acres

Price / SF:

$340/SF

Added:: Apr 15, 2025
Days on Market:: 424
Last Refresh:: Jan 14 at 8:46 am

Property Features for 4252 S 700 E

General Information

Standard status: Active
Size: 10,282 SF
Lot size: 0.58 Acres

We can help!

Listing Contact

Joseph Mills

Listing agent Joseph Mills

Listing office Investment Realty Advisors LLC

Listing date Apr 15, 2025

Source Exprealty

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 Investment Realty Advisors LLC

HighLights

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.
Future development potential on the .58‑acre lot after the lease expires.
Functional office space with 25 private offices, open work areas, 3 board rooms, and a break room.
Ample parking available for employees and visitors.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Map

City: Murray
County: Salt Lake
State: Utah
Longitude: -111.884
Latitude: 40.6583

Nearby Similar for Sale

$735,000

2,620 SF

Updated Non-Conforming Triplex with ADU

Updated triplex with separate living spaces and a detached 1-bedroom ADU, each with full-size laundry.

310 E 6240 S, Murray, UT 84107

View Details
$4,500,000

18,559 SF

Winchester Townhomes Multifamily Asset

Eleven-unit multifamily property in Murray, Utah, built in 2010.

6563 S LOVENDAHLE Ct, Murray, UT 84107

View Details
$800,000

3,780 SF

Murray Duplex with Recent Updates

Well-maintained duplex in Murray, ideal for investors or owner-occupants.

1278 Chevy Chase Dr, Murray, UT 84117

View Details
$3,500,000

Two-Story Office Building in Murray

Two-story office building with long-term lease and future development potential.

4252 S 700 E, Murray, UT 84107

View Details
$9,500,000

38,374 SF

Renovated Multifamily Property in Murray

Newly renovated 39-unit multifamily property in the heart of Murray, Utah.

404 E 5600 S, Murray, UT 84107

View Details
$725,000

2,972 SF

Commercial Building Near Fashion Place Mall

2,972 SF commercial building with value-add opportunity near Fashion Place.

184 E 5900 S, Murray, UT 84107

View Details
$1,242,880

3,884 SF

Class-A Office Condo with Amenities

3,884 SF Murray office condo with golf simulator and gym.

746 E Winchester St, Murray, UT 84107

View Details
$525,000

3,000 SF

Two-Story Office Condo For Sale

3,000 SF office condo in Murray, UT, for sale.

684 Vine Street, Murray, UT, 84107

View Details
$6,800,000

25,852 SF

Medical Office Building Near Interstate-15

Strategically located medical office building with high visibility and strong tenants.

5444 S Green St, Murray, UT

View Details
$12,000,000

3,200 SF

Functional Office Suites Available

Move-in ready office suites with freeway visibility for rent.

5296 S 320 W , Murray, UT

View Details
$995,000

Modern Office Condos For Sale

Modern office condos with freeway access and ample parking.

122 W WINCHESTER ST 102, Murray, UT 84107

View Details
$12,000,000

60,723 SF

Office Building with I-15 Visibility

60,723 SF office building with immediate occupancy available.

5296 Commerce Dr, Murray, UT 84107

View Details

For sale
Office buildings
UT
Murray
84107
4252 S 700 E

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 Murray, 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.