6440 Wasatch BlvdCottonwood Heights, UT 84121

  • Mixed-use properties
  • 75,484 SF
For Lease
$25/SF/YR View listing

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
Mixed-use properties
Property subtype
Other investment 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
6440 Wasatch Blvd, Cottonwood Heights, Utah

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$180,469
$4,053,100
$13,452,900
$17,506,000
-
$4,053,100
$13,452,900
$17,506,000

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