856 E 12300 S - Office FOR SALE


Draper, UT 84020- Draper Area
$2,352,000 USD
385-355-6754
856 E 12300 S, Draper, UT for Sale
$2,352,000 USD
Office - FOR SALE
1/5
null | 6% Cap Rate

856 E 12300 S
Draper, UT 84020
Draper Area


HIGHLIGHTS

  • Ideal 1031 exchange opportunity providing immediate cash flow with a long-term tenant positioned in an established office market.
  • Increased exposure potential from excellent frontage along one of Draper’s main traffic routes, which sees over 25,000 vehicles daily.
  • Conveniently located with seamless access to Interstate 15 as well as proximity to Draper Town Center Station and Kimball Lane Station.
  • Access to a dense population with a high concentration of college graduates creates long-term demand for office space employment.

OVERVIEW

Discover 856 E 12300 S, a fully remodeled 5,040-square-foot office building for sale in a highly visible, high-traffic corridor in the heart of Downtown Draper. This fully leased asset presents an attractive 1031 exchange opportunity. 856 E 12300 S is currently home to Helu Capital, a long-term tenant occupying the building for over four years, providing stable income. The fully remodeled condition allows investors to acquire a modern office asset with minimal near-term capital needs. Tenants benefit from multiple building amenities, including air conditioning, central heating, ample natural light, a kitchen, reception area, signage, wheelchair accessibility, and direct access to a nearby bus line. Situated on a 0.48-acre parcel, 856 E 12300 S features 29 on-site parking spaces and benefits from exposure to over 25,000 vehicles daily. The office building is surrounded by a diverse mix of retailers and service providers, which contributes to consistent daily activity and business synergy. Proximity to Interstate 15 further enhances the location, providing convenient access throughout Salt Lake Valley, with Salt Lake City approximately 20 miles away and Provo roughly 29 miles away. Convenient access to Draper Town Center Station and Kimball Lane Station supports reliable consumer flow and commuter accessibility. Located in a densely populated area with over 756,331 residents, 856 E 12300 S delivers access to a robust workforce, 39% of which are college-educated. The affluent consumer base generates more than $10.3 billion in annual consumer spending, with average household income exceeding $140,000. 856 E 12300 S combines stable tenancy, strategic positioning, and strong demographic fundamentals, making it an exceptional office investment opportunity in one of Utah’s most desirable and rapidly growing submarkets.

FOR SALE DETAILS

PRICE

$2,352,000 USD

PRICE/SF

$467 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

CN

APN/PARCEL ID

28-29-310-026-0000

ASK ABOUT THIS PROPERTY

Mike MinnickPendleton Real Estate LLCMore Info
385-355-6754

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Mike MinnickPendleton Real Estate LLCMore Info
385-355-6754

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