4110 Highland Dr Salt Lake City, UT 84124-2676

Property Details for 4110 Highland Dr

Year built

1999

Lot size

0.39 lot acres

Property size

18,854 SF

Zone code

C-2/ZC

Property type

Medical offices

Property subtype

Medical centers

APN

16-33-381-060

APU

1633381060

Description

This four-story, 18,854 square foot Class B office building in Holladay, Utah, presents a compelling owner-user opportunity. Located at 4110 S Highland Dr, Salt Lake City, UT 84124, this property boasts 17,000 net rentable square feet and features a mix of executive, medical, and traditional office spaces. Currently housing eight tenants, approximately 65% of the building will be available for owner-user occupancy by January 2025. The ground floor (3,600 sq ft), currently vacant, offers a private west-side entrance and elevator access, previously used as a dance studio. The second floor (4,900 sq ft) is occupied by a dental practice with twelve operatories. The third floor, partially month-to-month tenancy expiring January 1, 2025, offers a large conference room and open space with potential for increased leasable area. Rents on this floor are significantly below market value, presenting an opportunity to increase income. The building includes 58 parking spaces, with 22 additional spaces available via a perpetual easement. Built in 1999 and renovated in 2010, the property sits on a 0.39-acre lot and is zoned Commercial C2. The asking price is $4,490,000, representing a 5.52% cap rate with a current NOI of $247,632. Square footage is based on county records

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Longitude

-111.844

Latitude

40.6825

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments