6440 Wasatch BlvdCottonwood Heights, UT 84121

Property Details for 6440 Wasatch Blvd

Year built

1999

Construction

STEEL FRAME

Lot size

4.09 AC

Property size (Sq ft)

75,484 SF

Zone code

R-M

Property type

Investment properties

Property subtype

Retail residential properties

APN

22-23-276-003

APU

2223276003

Description

This exceptional 5,051 square foot modern office sublease in Holladay, Utah offers a sophisticated workspace within the renowned VIBE Cottonwood building. Located on Wasatch Boulevard, this Class A space boasts 6 private offices, 12 workstations (with furniture available), two large conference rooms, a full kitchen and breakroom, a copy and file station, and an open ceiling design with 12-foot clearance. The sublease includes 18 dedicated parking spots (3.5 spots per 1,000 sq ft). Enjoy convenient access to I-215 freeway and the Cottonwood Canyons, along with numerous nearby amenities including restaurants and services. Building amenities include a gym, an outside view deck, and a lobby lounge. This single-tenant space is situated in the Central East submarket of Salt Lake County, with the address being 6440 Wasatch Blvd, Holladay, UT 84121. The sublease rate is $28.00 per square foot, full service. This property is perfect for a company seeking a well-appointed, modern office space in a prime location. The property type is a traditional, executive, and creative office space.

• CAP approach

  CAP return

  Valuation

  6%

  $24,727,180

  6.5%

  $22,825,088

  7%

  $21,194,726

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,440,990

  Geo Method

  $23,440,990

• Alternative Use

  Use

  Valuation

  Residential

  $22,825,088

  Hospitality

  $20,907,658

  Educational

  $17,394,926

  Medical

  $17,993,164

  Retail

  $27,058,774

Location Insight

City

Holladay

County

Salt Lake

State

Utah

Latitude

40.6339

Longitude

-111.799

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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