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Emily Hayes

CEO Emily Hayes Homes | Emily Hayes Homes | Keller Williams | PLACE

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856 E 12300 S #5-8 , Draper, UT 84020
$2,352,000
Est. Payment: $5,226.67/mo
0 Bed
0 Bath
5040 Sqft
Status: Under Contract | Days on site: 41
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71435 - 51437,1322336
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House 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.

Highlights

Listed by Mike Minnick , 801-918-7888 and Justin Hansen , 385-707-3236 Pendleton Real Estate LLC , 801-450-2900.

Property Type

Commercial Sale

Lot/Acreage
0.48

Year Built

1996

County

Utah

Area

Alpine

Listing ID

2173446

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Floor:Tile
Other:
  • Alarm:Fire, Security
  • Additional:Dishwasher, Kitchen, Video Camera(s), Smart Thermostat(s)

Exterior Features

Lot Dimensions:0.0x0.0x0.0
Garage Capacity:0
Zoning:CN
Roof:Asphalt
Others:
  • Additional:Paved Parking, Blt./Standing
Principal Interest
$5,227
Taxes
$1,206

Home Price

$2,352,000

Loan Details

30 yrs
%

Down Payment

20%
$470,400
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Monthly Price:
$5,226.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,226.67 $1,206.25 $0.00 $6,432.92
Yearly $62,720.00 $14,475.00 $0.00 $77,195.00
Total $1,881,600.00 $434,250.00 $0.00 $2,315,850.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Draper, UT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.