For Sale
$2,900,000

8327 State StSandy, UT 84070

9,878 SF Multi-Tenant Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 9,878 square foot, two-story Class B office and retail building, located at 8327 S State St in Sandy, Utah, presents a unique investment or owner-user opportunity. Built in 2022, the property is currently a shell space, offering significant flexibility for customization. The building is divisible into eight separate suites, with the first floor comprising 4,918 square feet (divisible from 977 to 4,918 SF) and the second floor offering 4,960 square feet (divisible from 930 to 4,960 SF). The property sits on a 0.57-acre lot and includes 64 parking spaces. Zoned MU, it allows for a variety of uses, including executive office, pharmacy/drug store, and restaurant. The asking price is $2,900,000 ($293/SF), representing a compelling value in this prime Sandy location. A lease option is available at $25.00/SF/YR NNN (~$7.00/SF). The property's shell condition allows for complete tenant build-out, maximizing return on investment. The potential for condominium conversion adds further value. The building enjoys high visibility in a new mixed-use development area, ensuring strong tenant appeal. The adjacent parking lot is also potentially available for purchase, expanding parking capacity. This property offers a rare combination of size, flexibility, and location, making it an ideal investment for both owner-users and investors seeking a high-return opportunity. The occupancy date is March 1, 2024. The fee simple absolute ownership provides complete control and long-term value.

Highlights

  • 9,878 SF Class B office/retail building for sale or lease at 8327 S State St, Sandy, UT.
  • Two-story building with 4,918 SF first floor (divisible from 977-4,918 SF) and 4,960 SF second floor (divisible from 930-4,960 SF).
  • Divisible into eight separate suites.
  • $2,900,000 sale price ($293/SF); $25/SF/YR NNN lease rate (~$7/SF).
  • Built in 2022, shell condition.
  • Condominium conversion potential.

Property Details for 8327 State St

Property type
Retail properties, Restaurants
Square Feet
9,878 SF
Class
B
Year Built
2022
Buildings
1
Stories
2
Lot Size (sq. ft)
24,829 SF
Units
8

Location Insight

City
Sandy
County
Salt Lake
State
Utah
Latitude
40.5749102
Longitude
-111.8866683
8327 State St, Sandy, Utah

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8327 State St
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