Office Space / Utah / Sandy / 84070 / 9672 South 700 East

9672 South 700 East

Sandy, UT 84070

Listing ID: 236283

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$700,000

For Sale

Property Type Office for Sale : Professional
Lot Size Acres 1.230
Building Sq Ft 7,916
Building Price per Sq Ft $88.43
Land Sq Ft 53,578
Land Price per Sq Ft $13.07

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Description

SVN Alta Commercial is proud to present this four-unit office condominium investment in Sandy. With three of the four condos leased, and one currently vacant, this product is ideal for an investor looking for a stable asset, or a small owner user looking to occupy just over 1,000 square feet and collect passive income on the other 3 leased suites. The market for professional office space in Sandy is healthy. Stable rents (market $18.95 PSF) and vacancy rates (12.9%) indicate that office suites in Sandy will remain a stable investment for the foreseeable future. The office suites in this property are in excellent condition with standard tenant improvements. Sandy is located in the heart of Salt Lake County and is a highly populated suburb of Salt Lake City, where demographics favor business ownership and local patronage. And, due to its proximity to Lehi (also known as the Silicon Slopes), Sandy is one of the fastest growing cities in UT. This property will remain an excellent place for professional tenants to locate and will be a sound investment.
Located off of 700 E in Sandy. (4) Four Office Condos portfolio for sale. Two suites are located in Building 9672 (200 & 201) , and the other two suites are located in Building 9768 (102 & 202). Each suite is 1,024 SF. Total space for sale is 4,096 SF.

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Listing Demographics for 9672 South 700 East Sandy, UT 84070

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		14,990	121,596	276,148
Population Median Age		36	36	37
Population by Age	0-9 Yrs	2252 (15%)	18136 (14%)	39210 (14%)
	10-19 Yrs	1706 (11%)	16731 (13%)	37915 (13%)
	20-29 Yrs	2416 (16%)	17575 (14%)	38959 (14%)
	30-39 Yrs	2364 (15%)	18502 (15%)	40467 (14%)
	40-49 Yrs	2100 (14%)	14998 (12%)	33743 (12%)
	50-59 Yrs	1332 (8%)	13615 (11%)	32389 (11%)
	60-69 Yrs	1292 (8%)	12161 (10%)	29201 (10%)
	70+ Yrs	1528 (10%)	9878 (8%)	24264 (8%)

Median HH Income		$75,073	$84,761	$85,128
Total Household Income	< 24K	597 (11%)	4341 (10%)	9934 (10%)
	25-49K	796 (15%)	6118 (15%)	14491 (15%)
	50-74K	1127 (22%)	7367 (18%)	17112 (18%)
	75-99K	978 (19%)	6229 (15%)	13685 (14%)
	100-199K	1394 (27%)	13494 (33%)	30160 (32%)
	200K+	153 (3%)	2967 (7%)	8783 (9%)

Highest Education Level	No Diploma	639	5062	10326
	Diploma or GED	2092	15809	35349
	Some College	3185	20571	46639
	Assoc. Degree	869	7493	16972
	Bachelors Degree	2456	20363	47631
	Higher Degree	696	10038	25442

Total Housing Units		5,342	42,643	99,260
--Owner-Occupied		3,872	29,282	68,070
--Renter-Occupied		1,173	11,234	26,095
Owner-Occupied Values	< 100K	64	909	1822
	100-199K	411	2530	5535
	200-299K	2219	8930	17627
	300-399K	867	8910	19292
	400-499K	181	4294	10141
	500K+	130	3709	13654

Total Working Age Population		11,659	92,814	212,986
In Work Force		8,167	65,174	148,454
Not In Work Force		3,492	27,640	64,533
Workforce Employed		7,762	63,081	143,510
Workforce Unemployed		406	2,044	4,811
Civlian Workforce		8,167	65,125	148,321
Military Workforce		0	49	133

Total Households		5,045	40,516	94,164
Family Households		3,699	30,300	68,893
Non-Family Households		1,346	10,216	25,271
Married Couple		3,046	24,415	56,774
Other Family		653	5,884	12,120
Married w/Child		1,324	10,964	24,387
Single Male w/Child		99	978	1,926
Single Female w/Child		151	1,852	3,961

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Utah	2,233,169	+24	2,763,885	+20	3,325,425	+17	3,889,310
Salt Lake County	898,387	+15	1,029,655	+15	1,181,471	+11	1,306,414
Utah County	368,536	+40	516,564	+31	679,188	+27	861,852

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views

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