4252 S 700 E Murray, UT 84107
Two-story office building with long-term lease and future development potential.
Property size:
10,282 SFLot size:
0.58 Acres- Added:
- Apr 15, 2025
- Days on Market:
- 379
- 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
Listing agent Joseph Mills (801) 971-2542
Listing office Investment Realty Advisors LLC (801) 971-2542
Listing date Apr 15, 2025
Source Exprealty
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Overview
Two-Story Office Building with Lease
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
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Map
- City
- Murray
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.884
- Latitude
- 40.6583
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FAQs
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.
