1405 2200West Valley City, UT 84119

Property Details for 1405 2200

Year built

1983

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.88 AC

Property size (Sq ft)

34,037 SF

Zone code

B/RP

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

15-22-227-032

APU

1522227032

Description

This exceptional three-story, Class B office building offers a total of 32,363 square feet, currently available for sublease. The property boasts recent renovations completed in 2016, providing modern and updated spaces for tenants. Multiple suites are available, with a minimum divisible space of 5,044 square feet and the option to lease the entire 32,363 square feet contiguously. The building features three suites in total, and ample parking is provided with 139 spaces. Convenient freeway access enhances its appeal. The building is equipped with a backup generator, ensuring reliable power. Elevators are available for easy access to all three floors. The sublease term offers flexibility, with the potential for a long-term extension, subject to negotiation with the master landlord. This fully furnished building presents a turnkey solution for businesses seeking immediate occupancy in a well-maintained and strategically located office space. The property's prominent freeway frontage ensures high visibility and accessibility. This is a rare opportunity to secure a substantial and well-appointed office space in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $11,149,728

  6.5%

  $10,292,057

  7%

  $9,556,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,569,935

  Geo Method

  $10,569,935

• Alternative Use

  Use

  Valuation

  Residential

  $10,292,057

  Hospitality

  $9,427,469

  Educational

  $7,843,543

  Medical

  $8,113,294

  Retail

  $12,201,067

Location Insight

City

West Valley City

County

Salt Lake

State

Utah

Latitude

40.723

Longitude

-111.933

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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