856 E 12300 S #5-8, Draper, UT 84020
856 E 12300 S #5-8, Draper, UT 84020
856 E 12300 S #5-8, Draper, UT 84020
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$2,352,000
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0.48 Acres Lot
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856 E 12300 S #5-8 Draper, UT 84020

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Hollie Gill

Hollie Gill

+1(801) 798-7748

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2173446

Construction Status Blt./Standing

HOA Y/N No

Year Built 1996

Annual Tax Amount $14,475

Lot Size 0.480 Acres

Acres 0.48

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Office

Property Description

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.

Location

State UT

County Utah

Area Alpine

Zoning Commercial

Interior

Interior Features Alarm: Fire, Alarm: Security, Dishwasher, Kitchen, Video Camera(s), Smart Thermostat(s)

Heating Forced Air, Natural Gas

Cooling Central Air

Flooring Tile

Fireplace No

Window Features Blinds

Exterior

Exterior Feature Paved Parking

View Y/N No

Roof Type Asphalt

Present Use Office

Handicap Access Fully Accessible, Ground Level, Accessible Entrance, Customized Wheelchair Accessible, Accessible Full Bath

Private Pool No

Building

Faces South

New Construction No

Construction Status Blt./Standing

Others

Senior Community No

Tax ID 28-29-310-026

Acceptable Financing Cash, Commercial Fin. Req., Conventional, Exchange

Listing Terms Cash, Commercial Fin. Req., Conventional, Exchange

Listed by Pendleton Real Estate LLC

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Hollie Gill
Hollie Gill

Realtor - Residential Sales Agen | License ID: 5507742-SA00

+1(801) 798-7748 | hollie4homes@gmail.com

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856 E 12300 S #5-8