For Sale
$4,490,000

4110 Highland DrHolladay, UT 84124

Holladay Office Building - Owner/User Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
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

Highlights

  • 65% of the building is available for owner-occupancy or lease-up to market rents.

Property Details for 4110 Highland Dr

Property type
Office properties, Medical offices
Square Feet
18,854 SF
Class
B
Year Built/Renovated
1999/2010
Buildings
1
Stories
4
Lot Size (sq. ft)
16,988 SF

Location Insight

City
Holladay
County
Salt Lake
State
Utah
Latitude
40.68250887562
Longitude
-111.8440569226
4110 Highland Dr, Holladay, Utah

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4110 Highland Dr
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