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2834 Highland Dr 2,585 SF 100% Leased Office Building Salt Lake City, UT 84106 $1,123,670 ($434.69/SF) 5.96% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on Highland Drive with 20,000+ vehicles per day, the property includes a large electronic sign, enhancing tennant appeal and brand exposure.
- The building showcases Art Deco / Streamline Moderne design & rooftop patio, making it one of the most architecturally unique propeties in Utah.
- This landmark Sugar House office property offers investors a rare blend of architectural distinction, prime visibility, and flexible income potential.
EXECUTIVE SUMMARY
Flexible Occupancy | Iconic Architecture | Event-Ready Rooftop
This landmark Sugar House commercial property offers investors a rare combination of architectural distinction, premier visibility, and flexible income potential. Ideally located on Highland Drive with exposure to over 20,000 vehicles per day, the building features a prominent electronic monument sign—providing exceptional brand visibility and long-term tenant appeal.
Beautifully preserved in Art Deco / Streamline Moderne style, this property stands as one of Utah’s most architecturally unique commercial assets. Its historic character, timeless design, and landmark presence create a competitive advantage seldom found in today’s office and mixed-use inventory.
The building offers four separate entrances and three configurable floors totaling 2,585 square feet, allowing for single-tenant or multi-tenant configurations. This flexibility makes the property especially attractive for 1031 exchange buyers, partial owner-users, or investors seeking future rent growth and diverse leasing strategies.
A standout feature is the expansive rooftop patio with a built-in stage, ideal for tenant functions, private events, brand activations, or boutique rooftop gatherings—adding a unique revenue and lifestyle component rarely available in comparable properties.
The layout and visibility make the property exceptionally well-suited for a variety of uses, including salon or spa concepts, medical or wellness offices, boutique professional suites, gallery or creative space, multi-unit office configurations, and rooftop events or B&B-style private functions.
Key Highlights:
Flexible single-tenant or multi-tenant occupancy
Iconic landmark presence with strong brand identity
High-demand Sugar House location
Event-capable rooftop patio with stage
Ample on-site parking spaces
The property is currently owner-occupied. Sale is subject to a minimum closing date of April 1, 2026.
This landmark Sugar House commercial property offers investors a rare combination of architectural distinction, premier visibility, and flexible income potential. Ideally located on Highland Drive with exposure to over 20,000 vehicles per day, the building features a prominent electronic monument sign—providing exceptional brand visibility and long-term tenant appeal.
Beautifully preserved in Art Deco / Streamline Moderne style, this property stands as one of Utah’s most architecturally unique commercial assets. Its historic character, timeless design, and landmark presence create a competitive advantage seldom found in today’s office and mixed-use inventory.
The building offers four separate entrances and three configurable floors totaling 2,585 square feet, allowing for single-tenant or multi-tenant configurations. This flexibility makes the property especially attractive for 1031 exchange buyers, partial owner-users, or investors seeking future rent growth and diverse leasing strategies.
A standout feature is the expansive rooftop patio with a built-in stage, ideal for tenant functions, private events, brand activations, or boutique rooftop gatherings—adding a unique revenue and lifestyle component rarely available in comparable properties.
The layout and visibility make the property exceptionally well-suited for a variety of uses, including salon or spa concepts, medical or wellness offices, boutique professional suites, gallery or creative space, multi-unit office configurations, and rooftop events or B&B-style private functions.
Key Highlights:
Flexible single-tenant or multi-tenant occupancy
Iconic landmark presence with strong brand identity
High-demand Sugar House location
Event-capable rooftop patio with stage
Ample on-site parking spaces
The property is currently owner-occupied. Sale is subject to a minimum closing date of April 1, 2026.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$5,600
|
$2.43
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,600
|
$2.43
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Taxes | |
|---|---|
| Annual | $5,600 |
| Annual Per SF | $2.43 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $5,600 |
| Annual Per SF | $2.43 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
2,585 SF
Building Class
C
Year Built/Renovated
1937/2020
Price
$1,123,670
Price Per SF
$434.69
Cap Rate
5.96%
NOI
$66,958
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
862 SF
Building FAR
0.42
Lot Size
0.14 AC
Zoning
RB - RB
Parking
20 Spaces (7.74 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Restaurant
- Security System
- Signage
- Roof Terrace
- Car Charging Station
- Monument Signage
- Outdoor Seating
- Air Conditioning
- Balcony
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Consumers Financial Company
- Finance and Insurance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Consumers Financial Company | Finance and Insurance | - | - | - |
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PROPERTY TAXES
| Parcel Number | 16-29-229-014-0000 | Total Assessment | $585,600 |
| Land Assessment | $300,900 | Annual Taxes | $5,600 ($2.17/SF) |
| Improvements Assessment | $284,700 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
16-29-229-014-0000
Land Assessment
$300,900
Improvements Assessment
$284,700
Total Assessment
$585,600
Annual Taxes
$5,600 ($2.17/SF)
Tax Year
2025
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Presented by
Stout Investments
2834 Highland Dr
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