13751 Wadsworth Park Dr Draper, UT 84020-7947

Property Details for 13751 Wadsworth Park Dr

Lot size

0.05 lot acres

Zone code

CO-2

Property type

Commercial land

APN

34-06-151-033

APU

3406151033

Description

This exceptional investment opportunity presents a 28,238 square foot, Class B executive office building situated on 2.07 acres in Draper, Utah, at 13751 S Wadsworth Park Drive, zip code 84020. The property, built in 1996 and extensively renovated in 2020, boasts a desirable location at the north end of Utah's Silicon Slopes, offering convenient access to Bangerter Highway and Interstate 15. Currently 77% occupied with a multi-tenant lease structure, the building features three units under an absolute NNN lease with a remaining term of 3.8 years (expiring 09/25/2028, commencing 09/26/2023). The asking price is $7,850,000, representing a price per square foot of $277.99 and a 6.50% cap rate. The property includes 9-foot ceilings, beautiful Wasatch Mountain views, two generators, and ample parking (5/1000 ratio). The parking lot and building underwent renovations in 2020. The permitted zoning is C-O Commercial Office. The building has two stories and consists of one building. Approximately 6,727 square feet is currently available. The seller is open to a master lease of the entire building for an investor. This is a stabilized investment with two rent bumps built into the lease. The property's APN is 3406151067 and 3406151033.

Location Insight

City

Draper

County

Salt Lake

State

Utah

Longitude

-111.889

Latitude

40.5008

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments