13937 Sprague LnDraper, UT 84020

Property Details for 13937 Sprague Ln

Year built

2013

Lot size

6.00 AC

Property size (Sq ft)

118,175 SF

Zone code

C-R

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

34-06-302-025

APU

3406302025

Description

This Class A, five-story executive office building, known as Minuteman IV, offers 109,595 square feet of premium office space in the desirable Draper submarket of Utah. Built in 2013, the property sits on a 6-acre lot at 13937 Sprague Ln, Draper, UT 84020, providing excellent visibility and accessibility. The building features a modern design with floor-to-ceiling glass and high-volume ceilings on the main floor, creating an impressive and efficient workspace. Multiple tenancy options are available, with a minimum divisible space of 7,446 square feet and a maximum contiguous space of 22,902 square feet. Currently, 30,348 square feet is vacant, presenting a significant opportunity for businesses seeking expansion or relocation. The building boasts a total of two suites and ample parking with a 5/1000 space ratio. Its prime location offers easy access to I-15, ensuring convenient commutes for employees and clients. This property represents an exceptional opportunity to establish a prominent corporate presence in a thriving Utah business community. The efficient floor plan and modern amenities make this an ideal setting for discerning corporate office users.

• CAP approach

  CAP return

  Valuation

  6%

  $38,712,984

  6.5%

  $35,735,060

  7%

  $33,182,558

• Comparable approach

  Method

  Valuation

  Relative Method

  $36,698,360

  Geo Method

  $36,698,360

• Alternative Use

  Use

  Valuation

  Residential

  $35,735,060

  Hospitality

  $32,733,124

  Educational

  $27,233,576

  Medical

  $28,170,180

  Retail

  $42,363,340

Location Insight

City

Draper

County

Salt Lake

State

Utah

Latitude

40.4983

Longitude

-111.887

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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