1031 Investment Opportunity | 2,445 SF Office/Flex | Draper
Office | 7.00% CAP | 2,445 SqFt
Marketing description
Investment Sale | 1031 Exchange Opportunity | 2,445 SF Class A Office/Flex Condo in Draper, UT
Unit 6 | $1,275,000
Excellent opportunity to acquire a fully built-out Class A office/flex condominium in the newly developed Hutch Cove Business Park in Draper, Utah. Located directly behind the Utah Disaster Kleenup (UDK) Building visible on the east side of I-15.
Unlike the gray shell units currently available for sale within the project, Unit 6 is fully improved and is being offered as a stabilized investment with a long-term tenant already in place.
The property is 100% leased to Garney Companies, Inc., a nationally recognized construction and infrastructure contractor, providing investors with stable cash flow in one of Salt Lake County's strongest commercial markets.
Conveniently located just off I-15 with exceptional freeway visibility, this is an ideal opportunity for investors seeking a high-quality commercial asset with an established tenant.
Property Highlights:
- 2,445 SF Class A Office/Flex Industrial Condo
- Asking Price: $1,275,000
- 100% Leased to Garney Companies, Inc.
- Stable Lease up to Through 2031
- Fully Built-Out Interior
- Excellent Investment Opportunity
- Prime Freeway Visibility in Draper
- Convenient Access to I-15
- Ample On-Site Parking
- Light Industrial Zoning
- Ideal for Commercial Investors in Small Condo Units
Hutch Cove Business Park is one of Draper's premier commercial developments, offering high-quality ownership opportunities in one of the Wasatch Front's fastest-growing business corridors.
For additional information or to schedule a private tour, contact:
Derek Howe
SaltCanyon
(801) 800-6837
Investment highlights
- Single-Tenant Office Condo — Leased Investment
- Tenant: Garney Companies, Inc. — largest water/wastewater contractor in the U.S. ($2B+ revenue, employee-owned)
- Lease: Gross | up to/Through June 2031 | 4% annual bumps
- Current Rent: $7,250/mo
- Building Class: A
- Zoning: Light Industrial / Commercial
- Total Building: 29,958 SF | Lot: 2.93 Acres
- Parking: 8 stalls (2.7:1,000 SF) | I-15 visibility
- Total Units in Complex: 11
- 100% Leased
- Unit Size: ±2,445 SF, two-story
- Dimensions: Main floor: 55' deep, 25' wide
- Clear Height: 12' on main floor, 10' on 2nd floor
- 10'x10' glass overhead door
- Condition: Fully built out and occupied — turnkey income, no buildout cost or downtime
- Sale Type: Investment
- Signage & Visibility: Strong exposure along I-15 freeway
- Flexible zoning supports office, retail, or industrial use — broad re-leasing options
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