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257 Tower 257 E 200 S
258,823 SF 73% Leased Office Building Salt Lake City, UT 84111 For Sale
Investment Highlights
- 13-story, 258,823-sf, Class A office tower
- Projected to be 73% leased upon close
- Undergone a comprehensive renovation plan by the current owner
- Located in the heart of Downtown Salt Lake City, Utah.
- Property features 3.1 years of WALT
- Excellent parking ratio of 2.92/1,000 sq. ft.
Executive Summary
13-story, 258,823-sf, Class A office tower located in the heart of Downtown Salt Lake City, Utah.
Salt Lake City, serving as both the capital of Utah and its cultural and economic hub, is renowned for its robust demographics, availability of jobs and higher education, affordability, and unparalleled access to outdoor recreation, making it the vibrant urban core of the mountain west.
Originally constructed in 1986 on a 1.77-acre site, 257 Tower is projected to be 73% leased upon close, with no space marketed for sublease. The Property features 3.1 years of WALT. 257 Tower is well-positioned to attract the next wave of office tenants, having undergone a comprehensive renovation plan by the current owner. Upgrades include a complete remodel of the ground-floor, creation of a full-service café, fitness center, and an open-air courtyard. This offering includes both the adjacent freestanding parking structure and a four-level underground parking garage, together providing an excellent parking ratio of 2.92/1,000 sq. ft.
257 Tower stands out due to its strong financial performance, substantial capital enhancements, and convenient location in the heart of a
thriving central business district.
Property Facts
Amenities
- Bus Line
- Commuter Rail
- Fitness Center
- Metro/Subway
- Property Manager on Site
- Restaurant
- Energy Star Labeled
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Full Floor Available for Custom Design and Layout - 17,945 RSF Available
11,690 SF corner suite.
2,285 square foot office space for lease.
4,803 square foot office space for lease.
$26.00-$28.00 FS
Tenth floor corner suite.
10th floor corner suite.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 200 | 8,000-17,945 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 475 | 11,690 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 550 | 2,285 SF | Office | Spec Suite | Now |
| 7th Fl-Ste 725 | 4,803 SF | Office | Full Build-Out | Now |
| 8th Fl-Ste 850 | 4,798 SF | Office | Full Build-Out | Now |
| 9th Fl-Ste 900 | 5,000-20,796 SF | Office | Full Build-Out | Now |
| 10th Fl-Ste 1080 | 4,267 SF | Office | Full Build-Out | Now |
| 10th Fl-Ste 1090 | 2,955 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 200
| Size |
| 8,000-17,945 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 475
| Size |
| 11,690 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 550
| Size |
| 2,285 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
7th Fl-Ste 725
| Size |
| 4,803 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
8th Fl-Ste 850
| Size |
| 4,798 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
9th Fl-Ste 900
| Size |
| 5,000-20,796 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
10th Fl-Ste 1080
| Size |
| 4,267 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
10th Fl-Ste 1090
| Size |
| 2,955 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size | 8,000-17,945 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Full Floor Available for Custom Design and Layout - 17,945 RSF Available
4th Fl-Ste 475
| Size | 11,690 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
11,690 SF corner suite.
5th Fl-Ste 550
| Size | 2,285 SF |
| Space Use | Office |
| Condition | Spec Suite |
| Available | Now |
2,285 square foot office space for lease.
7th Fl-Ste 725
| Size | 4,803 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
4,803 square foot office space for lease.
8th Fl-Ste 850
| Size | 4,798 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
$26.00-$28.00 FS
9th Fl-Ste 900
| Size | 5,000-20,796 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
10th Fl-Ste 1080
| Size | 4,267 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Tenth floor corner suite.
10th Fl-Ste 1090
| Size | 2,955 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
10th floor corner suite.
PROPERTY TAXES
| Parcel Number | 16-06-129-028-0000 | Improvements Assessment | $65,262,075 CAD |
| Land Assessment | $5,761,856 CAD | Total Assessment | $71,023,931 CAD |
PROPERTY TAXES
Presented by
257 Tower | 257 E 200 S
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