9 Exchange PlSalt Lake City, UT 84111

Property Details for 9 Exchange Pl

Year built

1909

Construction

CONCRETE

Lot size

0.28 AC

Property size (Sq ft)

109,624 SF

Zone code

D-1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

16-06-301-012

APU

1606301012

Description

This exceptional executive office space at 9 Exchange Place in Salt Lake City's Central Business District offers a turnkey solution for businesses seeking immediate occupancy. Located in a Class B, eleven-story building constructed in 1907, this property boasts a total of 105,649 square feet. Two available spaces range from 7,905 to 8,700 square feet, with a minimum divisible space of 8,643 square feet and a maximum contiguous space of 8,643 square feet. The building's prime location offers unparalleled convenience, situated just one block from the TRAX Light Rail system, providing easy access to public transportation. Furthermore, the property is within a five-minute commute of downtown Salt Lake City's vibrant shopping, dining, and entertainment districts. The space is fully furnished with enough seating for 84 people, making it an ideal option for businesses requiring a ready-to-use workspace. Flexible sublease terms are available, offering adaptability to suit various business needs. This property presents a rare opportunity to secure high-quality office space in a highly desirable location within Salt Lake County, Utah, with a zip code of 84111. The building's address is 9 Exchange Place.

• CAP approach

  CAP return

  Valuation

  6%

  $35,910,020

  6.5%

  $33,147,712

  7%

  $30,780,018

• Comparable approach

  Method

  Valuation

  Relative Method

  $34,042,912

  Geo Method

  $34,042,912

• Alternative Use

  Use

  Valuation

  Residential

  $33,147,712

  Hospitality

  $30,363,126

  Educational

  $25,261,764

  Medical

  $26,130,556

  Retail

  $39,296,076

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7616

Longitude

-111.891

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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