1111 Draper PkwyDraper, UT 84020

Property Details for 1111 Draper Pkwy

Year built

2001

Construction

STEEL FRAME

Lot size

1.92 AC

Property size (Sq ft)

37,548 SF

Zone code

CC

Property type

Investment properties

Property subtype

Retail residential properties

APN

28-29-401-014

APU

2829401014

Description

This exceptional three-story office building, located at 1111 E Draper Pkwy, Draper, UT 84020, offers a prime opportunity for businesses seeking flexible and modern workspace. The 38,250 square foot building, constructed in 2001 and renovated in 2018, boasts a Class B rating and features a mix of traditional and executive office suites. Multiple tenancy options are available, ranging from 1,717 square feet to a maximum contiguous space of 12,750 square feet. A total of six suites are available within the building, with 13,578 square feet currently vacant. The property sits on three acres of land and includes convenient amenities such as covered parking and building signage opportunities. Its strategic location is just 1.5 miles from the I-15 corridor, providing easy access to major transportation routes. Furthermore, its proximity to the award-winning Treehouse Athletic Club adds to its appeal. Lease rates start at $22 per square foot, full-service. The building is equipped with elevators. This is an excellent opportunity to establish a presence in a thriving Draper business community.

• CAP approach

  CAP return

  Valuation

  6%

  $12,300,284

  6.5%

  $11,354,108

  7%

  $10,543,101

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,660,250

  Geo Method

  $11,660,250

• Alternative Use

  Use

  Valuation

  Residential

  $11,354,108

  Hospitality

  $10,400,302

  Educational

  $8,652,929

  Medical

  $8,950,517

  Retail

  $13,460,112

Location Insight

City

Draper

County

Salt Lake

State

Utah

Latitude

40.5292

Longitude

-111.858

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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