For Sale
$4,400,000

10929 Redwood RdSouth Jordan, UT 84095

Class A, Multi-Tenant, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A, multi-tenant office building in South Jordan, Utah, presents a compelling investment opportunity. Boasting 10,000 square feet across two stories in a newly constructed (2020) building on a 0.59-acre lot at 10929 S Redwood Rd, 84095, this property offers three fully occupied units with a 100% occupancy rate. The stabilized investment features a gross lease structure and commands a price of $4,400,000, translating to $440 per square foot and a 5.00% cap rate. The building is equipped with owned outright solar panels and xeriscaping, minimizing operational costs. Full ADA accessibility, including an elevator, and a shared monument sign enhance the property's appeal. Currently housing three tenants, the property is ideally suited for an owner-user seeking to potentially buy out existing tenants. Its unbeatable location in South Jordan, conveniently situated off Redwood Road, ensures high visibility and accessibility. This is a rare opportunity to acquire a high-quality, fully leased, and exceptionally well-maintained executive office building in a thriving Utah market.

Highlights

  • Class A, multi-tenant office building in South Jordan, UT.
  • 10,000 square feet, two stories, on a 0.59-acre lot at 10929 S Redwood Rd, 84095.
  • Newly constructed in 2020, with three fully occupied units (100% occupancy).
  • $4,400,000 asking price, $440/SF, 5.00% cap rate, gross lease structure.
  • Owned solar panels and xeriscaping minimize operating costs; full ADA accessibility including elevator; shared monument sign.

Property Details for 10929 Redwood Rd

Property type
Office properties
Square Feet
10,000 SF
Class
A
Year Built
2020
Buildings
1
Stories
2
Lot Size (sq. ft)
25,700 SF
Units
3

Location Insight

City
South Jordan
County
Salt Lake
State
Utah
Latitude
40.5527711
Longitude
-111.9375653
10929 Redwood Rd, South Jordan, Utah

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10929 Redwood Rd
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