257 200th S Salt Lake City, UT 84111-2048

Property Details for 257 200th S

Year built

1986

Construction

CONCRETE

Lot size

1.09 lot acres

Property size

406,941 SF

Zone code

D-1

Property type

Investment properties

Property subtype

Retail residential properties

APN

16-06-129-028

APU

1606129028

Description

This exceptional 258,823-square-foot Class A office tower, constructed in 1986, is situated on a 1.77-acre lot in the heart of Salt Lake City's central business district. The 13-story building boasts a projected 73% occupancy at closing, with no space currently offered for sublease and a weighted average lease term (WALT) of 3.1 years. A recent comprehensive renovation has significantly enhanced the property, including a complete ground-floor remodel featuring a full-service café, a state-of-the-art fitness center, and a welcoming open-air courtyard. Ample parking is provided by an adjacent freestanding structure and a four-level underground garage, resulting in an excellent parking ratio of 2.92 spaces per 1,000 square feet. The property is zoned D-1 and offers a compelling investment opportunity due to its strong financial performance, substantial recent capital improvements, and its strategic location within a thriving urban core known for its robust demographics, job market, and access to outdoor recreation. This is a rare opportunity to acquire a well-maintained, high-quality office building in a dynamic and desirable market. The building's location in Salt Lake City, Utah's capital and economic hub, ensures strong tenant demand and long-term value.