7th East Office Building
4252 S 700 E
Salt Lake City, UT 84107
Description
Spacious and welcoming open reception area, ideal for greeting clients and visitors. 3 well-appointed board rooms, perfect for meetings and presentations. 25 private offices offering privacy and space for focused work. Comfortable break room for employees to relax and recharge. Open bull pen areas with cubicles, fostering collaboration and teamwork. Ample natural light throughout the building, creating a bright and inviting work environment. Partially furnished, allowing for immediate occupancy with minimal setup. Well-maintained property, ensuring a professional appearance and smooth operation. Ample parking available for employees and visitors.
Existing Lease Information:
• Base Rent: $15,808.58.00/Month ($18.45 SF/YR)
• All Utilities in Tenant's Name (Including Tax & Insurance)
• Annual Base Rent Increases: 2.5%
• Current NOI: $189,702
• CAP Rate: 6% Escalating to 7.31%
• Rooms: 30
• Single Tenant
• Lease Term: 123 Months
• Lease Start Date: 12/1/2024
• Lease End Date: 1/31/2035
This 2-story, 10,282 SF office building is designed to support a productive and professional workplace. With a combination of private offices, open work areas, and essential amenities, it caters to diverse business needs. Whether you're a growing company or an established firm, this space provides the flexibility and features necessary for success.
