Draper Corporate Park
Office | 60,000 SqFt
Marketing description
JLL is pleased to present the offering of a two-building office asset totaling approximately 60,000 square feet located at 12162 and 12159 S Business Park Dr, Draper, Utah ("Asset" or "Property"). The Property offers investors the opportunity to acquire a well-located suburban office investment in one of the Salt Lake Valley's most desirable and rapidly growing submarkets.
The buildings offer functional, flexible layouts suitable for a range of office users, with strong curb appeal and 3.0/1,000 SF parking. The configuration provides optionality for both multi-tenant leasing strategies or potential owner-user scenarios.
The Property is strategically located in Draper, one of the most sought-after office submarkets in Salt Lake County. Draper benefits from strong population growth, high household incomes, and a highly educated workforce. The area has become a hub for technology, professional services, and corporate users, driven by its proximity to Silicon Slopes and convenient access to both Salt Lake City and Utah County
The Property offers immediate access to Interstate 15 and Bangerter Highway, providing seamless connectivity throughout the Salt Lake Valley. The surrounding area features a strong amenity base including retail centers, restaurants, and service-oriented businesses that support tenant demand and employee convenience. Nearby national and regional tenants further enhance the location's appeal as a business destination.
Investment highlights
- Functional, flexible layouts suitable for a range of office users, with strong curb appeal and 3.0/1,000 SF parking
- Configuration provides optionality for both multi-tenant leasing strategies or potential owner-user scenarios
- Strategically located in Draper, one of the most sought-after office submarkets in Salt Lake County
- Draper benefits from strong population growth, high household incomes, and a highly educated workforce
- Area has become a hub for technology, professional services, and corporate users, driven by proximity to Silicon Slopes
- Immediate access to Interstate 15 and Bangerter Highway, providing seamless connectivity throughout the Salt Lake Valley
- Strong amenity base including retail centers, restaurants, and service-oriented businesses
- Nearby national and regional tenants further enhance the location's appeal as a business destination
- Significant mark-to-market opportunity driven by current vacancy available for immediate lease-up at prevailing market rates
- Substantial portion of in-place leases rolling below-market, positioning for meaningful NOI growth upon stabilization
- Flexible occupancy structure creates an attractive entry point for owner-users to occupy a portion of the property while benefiting from income and appreciation potential
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