For Sale
$20,000,000

3217 Decker Lake DrWest Valley City, UT 84119

Prime location, 100% occupied, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional two-story, 166,177 square foot executive office building in West Valley City, Utah, presents a compelling investment opportunity. Located on a 14.9-acre lot with 1,074 parking spaces, the property boasts a 100% occupancy rate with Select Portfolio Servicing, Inc. under a net lease agreement extending to November 30, 2027, with three five-year options. The building, constructed in 1998 and extensively renovated in 2016, features a modern design, high ceilings, and a fully redundant power system including dual generators and a UPS system. The tenant has invested over $20 million in building improvements, including a data center and file vault. Situated in a prime opportunity zone, adjacent to Interstate 215 and seven minutes from the Salt Lake City International Airport, this property offers unparalleled convenience and access. The building's exceptional condition, strong tenant, and strategic location make it an ideal investment, with a current asking price of $20,000,000 and an 8.50% cap rate. The property is zoned C-2 and includes a 29-foot tall, water-tight roof platform added in 2017 for enhanced weather protection of critical equipment. This asset offers significant long-term value and potential for future appreciation.

Highlights

  • $20,000,000 asking price, 8.50% cap rate.
  • 166,177 rentable square feet, 100% occupancy.
  • Fully remodeled in 2015; immaculately maintained.
  • Full power redundancy: dual generators, full UPS system.
  • Absolute net lease with strong credit tenant (Select Portfolio Servicing, Inc.) through November 30, 2027; tenant invested over $20 million in improvements; three five-year lease options remain.

Property Details for 3217 Decker Lake Dr

Property type
Retail properties, Office properties
Square Feet
166,177 SF
Year Built/Renovated
1998/2016
Stories
2
Lot Size (sq. ft)
649,044 SF

Location Insight

City
West Valley City
County
Salt Lake
State
Utah
Latitude
40.7022453
Longitude
-111.9468518
3217 Decker Lake Dr, West Valley City, Utah

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3217 Decker Lake Dr
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