856 E 12300 S 5-8

Draper, UT 84020

Draper, UT 84020

856 E 12300 S 5-8

$2,352,000

MLS#: 2173446

Status: Active

Listing provided by: Pendleton Real Estate LLC

Listing agent phone: None

Last update: 2 hours ago

New on site today

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About

Discover 856 E 12300 S, a fully remodeled 5,040-square-foot office building located in a highly visible, high-traffic corridor in the heart of Downtown Draper. Offered at a 6.00% cap rate, this fully leased investment presents an excellent opportunity for investors seeking stable cash flow or a 1031 exchange property. The property is 100% leased to Headwaters Construction under a long-term triple-net (NNN) lease, providing predictable income with minimal landlord responsibilities. The building features 15 private offices, two conference rooms, two upgraded kitchens/break rooms, two restrooms, a welcoming reception area, and two large open areas ideal for cubicles, collaborative workstations, or team gathering spaces. Having undergone a complete renovation, the property offers a modern office environment with minimal anticipated near-term capital expenditures. Additional amenities include air conditioning, central heating, abundant natural light, monument signage, wheelchair accessibility, and convenient access to nearby public transit. Situated on a 0.48-acre parcel, the property includes 29 on-site parking spaces and enjoys exposure to more than 25,000 vehicles per day. The surrounding area features a strong mix of national and local retailers, restaurants, and professional service providers, creating a vibrant business environment. Immediate access to Interstate 15 provides convenient connectivity throughout the Salt Lake Valley, with Salt Lake City approximately 20 miles north and Provo approximately 29 miles south. The property is also located near both Draper Town Center Station and Kimball Lane Station, enhancing commuter accessibility. The surrounding trade area is home to more than 756,000 residents, with approximately 39% holding a college degree. Average household incomes exceed $140,000, and the market generates more than $10.3 billion in annual consumer spending, supporting long-term office demand in one of Utah's strongest demographic markets. 856 E 12300 S offers investors the rare combination of a long-term NNN lease, stable cash flow, 6.00% cap rate, a highly functional office layout, and an exceptional Draper location, making it a premier office investment opportunity in one of the Wasatch Front's fastest-growing commercial corridors.

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1996

Sq.Footage

5,040

Features

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Paved

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.48

  • Lot Size(square feet)

    20,908

  • Property Type

    Commercial Sale

  • Property Sub Type

    Office

Price

  • Sales Price

    $2,352,000

  • Tax Amount

    $14,475

  • Zoning

    CN

  • Sq. Footage

    5,040

  • Price/SqFt

    $466

HOA

  • Association

    No

Property Resources

  • Horse Property

    YES

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Accessibility Features

    Accessible Entrance, Customized Wheelchair Accessible, Accessible Full Bath

  • Senior Community YN

    NO

Schedule

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Location

  • County

    Utah

  • Elementary School

  • Middle School

  • High School

Listing Courtesy of Mike Minnick , Pendleton Real Estate LLC

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Agent Lindsey Pili

Lindsey Pili

Agent / RealtorĀ®

Call Lindsey today to schedule a private showing.


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Discover 856 E 12300 S, a fully remodeled 5,040-square-foot office building located in a highly visible, high-traffic corridor in the heart of Downtown Draper. Offered at a 6.00% cap rate, this fully leased investment presents an excellent opportunity for investors seeking stable cash flow or a 1031 exchange property.  The property is 100% leased to Headwaters Construction under a long-term triple-net (NNN) lease, providing predictable income with minimal landlord responsibilities. The building features 15 private offices, two conference rooms, two upgraded kitchens/break rooms, two restrooms, a welcoming reception area, and two large open areas ideal for cubicles, collaborative workstations, or team gathering spaces. Having undergone a complete renovation, the property offers a modern office environment with minimal anticipated near-term capital expenditures. Additional amenities include air conditioning, central heating, abundant natural light, monument signage, wheelchair accessibility, and convenient access to nearby public transit.  Situated on a 0.48-acre parcel, the property includes 29 on-site parking spaces and enjoys exposure to more than 25,000 vehicles per day. The surrounding area features a strong mix of national and local retailers, restaurants, and professional service providers, creating a vibrant business environment. Immediate access to Interstate 15 provides convenient connectivity throughout the Salt Lake Valley, with Salt Lake City approximately 20 miles north and Provo approximately 29 miles south. The property is also located near both Draper Town Center Station and Kimball Lane Station, enhancing commuter accessibility.  The surrounding trade area is home to more than 756,000 residents, with approximately 39% holding a college degree. Average household incomes exceed $140,000, and the market generates more than $10.3 billion in annual consumer spending, supporting long-term office demand in one of Utah's strongest demographic markets.  856 E 12300 S offers investors the rare combination of a long-term NNN lease, stable cash flow, 6.00% cap rate, a highly functional office layout, and an exceptional Draper location, making it a premier office investment opportunity in one of the Wasatch Front's fastest-growing commercial corridors.

856 E 12300 S 5-8

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