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3583 W 9800 S 12,468 SF 51% Leased Office Building South Jordan, UT 84095 $4,500,000 ($360.92/SF) 6.65% Cap Rate
EXECUTIVE SUMMARY
SoJo Health Center is a fully medical, neighborhood-serving office asset positioned for near-term stabilization. The property is currently anchored by long-standing medical tenants on 10-year NNN leases with annual 3% escalations, providing durable in-place cash flow and strong credit fundamentals.
The remaining suites are in the final stages of lease negotiation, bringing the property to 100% occupancy at market rents. Upon stabilization, the asset offers a compelling blend of predictable income, medical tenancy, and upside protection through contractual rent growth.
Construction on Bangerter Highway has been completed, providing immediate freeway access and significantly improved ingress and egress to the property, further enhancing tenant appeal and long-term marketability.
At full lease-up, the property is projected to generate approximately $299,000 in NOI, supporting a competitive going-in cap rate relative to comparable stabilized medical assets.
The remaining suites are in the final stages of lease negotiation, bringing the property to 100% occupancy at market rents. Upon stabilization, the asset offers a compelling blend of predictable income, medical tenancy, and upside protection through contractual rent growth.
Construction on Bangerter Highway has been completed, providing immediate freeway access and significantly improved ingress and egress to the property, further enhancing tenant appeal and long-term marketability.
At full lease-up, the property is projected to generate approximately $299,000 in NOI, supporting a competitive going-in cap rate relative to comparable stabilized medical assets.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
12,468 SF
Building Class
B
Year Built
2018
Price
$4,500,000
Price Per SF
$360.92
Cap Rate
6.65%
NOI
$299,222
Percent Leased
51%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,234 SF
Building FAR
0.38
Lot Size
0.76 AC
Zoning
PO - Professional/ Medical Office
Parking
41 Spaces (2.48 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl-Ste 102
- 2,959 SF
- Office/Medical
- Full Build-Out
- Now
- 2nd Fl-Ste 202
- 3,205 SF
- Office/Medical
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 102 | 2,959 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 202 | 3,205 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 102
| Size |
| 2,959 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 202
| Size |
| 3,205 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 1
PROPERTY TAXES
| Parcel Number | 27-08-401-040-0000 | Improvements Assessment | $2,438,800 |
| Land Assessment | $869,000 | Total Assessment | $3,307,800 |
PROPERTY TAXES
Parcel Number
27-08-401-040-0000
Land Assessment
$869,000
Improvements Assessment
$2,438,800
Total Assessment
$3,307,800
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3583 W 9800 S
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