147 W Election Rd - Office/Residential FOR SALE


Draper, UT 84020- Draper Area
$8,750,000 USD
801-303-5555
147 W Election Rd, Draper, UT for Sale
$8,750,000 USD
Office/Residential - FOR SALE
1/28
null | Request Cap Rate

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147 W Election Rd
Draper, UT 84020
Draper Area


HIGHLIGHTS

  • Rare Owner-User or Investor Optionality with In-Place Income
  • Attractive Basis with Clear Upside Potential Through Occupancy Gains
  • Strategic Silicon Slopes Location Within an Office Campus

OVERVIEW

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Lone Peak Center 8 (the "Property"), a Class A multi-tenant office building positioned within Utah’s Silicon Slopes corridor. The Property offers a rare combination of existing income, immediate owner-user optionality, and future lease-up upside in one of the Wasatch Front’s most accessible office locations. With Class A finishes, turnkey furnished suites, recently upgraded amenities, roof replacement in 2024, and excellent regional access, Lone Peak Center 8 presents a compelling opportunity to acquire a high-quality office asset at an attractive basis. This combination of stable in-place income and available space provides investors and owner-users alike with an opportunity to reposition the Property while benefiting from the continued growth of the Silicon Slopes corridor.

FOR SALE DETAILS

PRICE

$8,750,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lone Peak Center 8

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

233

LAND DETAILS

LAND ACRES

3.74 AC

LAND SF

162,914 SF

ZONING

CBP

APN/PARCEL ID

27-25-227-002-0000

ASK ABOUT THIS PROPERTY

Kip PaulCushman & WakefieldMore Info
801-303-5555

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Kip PaulCushman & WakefieldMore Info
801-303-5555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.