1385 2200West Valley City, UT 84119

Property Details for 1385 2200

Year built

1986

Lot size

2.40 AC

Property size (Sq ft)

32,400 SF

Zone code

B/RP

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

15-22-227-036

APU

1522227036

Description

This exceptional 30,500 square foot executive office building in West Valley City, Utah, presents a unique owner/user investment opportunity. Located at 1385 W 2200 S, 84119, this property boasts a prime location and offers significant upside potential. Upon closing, a 10-year leaseback agreement is in place for the first floor, currently operating as a data center, at a rate of $18 per square foot, full-service (excluding in-suite janitorial and electricity). The upper two floors, totaling approximately 21,929 square feet, will be vacant upon sale, providing immediate flexibility for the new owner. The building features ample parking with a 5.4:1,000 square foot ratio, prominent crown signage facing the freeway, and 13,500 square feet of fenced and paved outdoor yard space. Electric vehicle charging stations are conveniently located in the parking lot. The asking price is $3,800,000, translating to $124.59 per square foot. This property offers a blend of immediate income and future development possibilities, making it an attractive investment in the thriving West Valley City market.

• CAP approach

  CAP return

  Valuation

  6%

  $10,613,485

  6.5%

  $9,797,063

  7%

  $9,097,273

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,061,577

  Geo Method

  $10,061,577

• Alternative Use

  Use

  Valuation

  Residential

  $9,797,063

  Hospitality

  $8,974,057

  Educational

  $7,466,310

  Medical

  $7,723,088

  Retail

  $11,614,260

Location Insight

City

West Valley City

County

Salt Lake

State

Utah

Latitude

40.7231

Longitude

-111.931

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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