12159 S Business Park Dr
Office
ID 160891
Sale
Lease

Draper Corporate Park - Building 3

12159 S Business Park Dr

Draper, UT, 84020

Please contact us for price

  • Space Available for lease2,861 - 9,453 SF 
  • Space Available for sale65,268 SF 
David Nixon

David Nixon

Senior Managing Director

Broker details

Laura Dehtear

Laura Dehtear

Associate, Brokerage

Broker details

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PROPERTY

The buildings offer functional, flexible layouts suitable for a range of office users, with strong curb appeal and 3.0/1,000 SF parking. The configuration provides optionality for both multi-tenant leasing strategies or potential owner-user scenarios.

OFFICE MARKET FUNDAMENTALS

The Salt Lake County office market continues to show signs of stabilization, particularly in well-located suburban submarkets like Draper. While broader office fundamentals remain mixed, demand has shifted toward high quality, accessible suburban assets offering value relative to downtown product. Users continue to prioritize flexibility, parking, and proximity to residential population centers— key attributes that position the Property competitively within the market.

LOCATION

The Property is strategically located in Draper, one of the most sought-after office submarkets in Salt Lake County. Draper benefits from strong population growth, high household incomes, and a highly educated workforce. The area has become a hub for technology, professional services, and corporate users, driven by its proximity to Silicon Slopes and convenient access to both Salt Lake City and Utah County

ACCESSIBILITY & SURROUNDING AMENITIES

The Property offers immediate access to Interstate 15 and Bangerter Highway, providing seamless connectivity throughout the Salt Lake Valley. The surrounding area features a strong amenity base including retail centers, restaurants, and service-oriented businesses that support tenant demand and employee convenience. Nearby national and regional tenants further enhance the location’s appeal as a business destination.

OWNER-USER MARK TO MARKET OPPORTUNITY

Both buildings present significant mark-to-market opportunity driven by current vacancy available for immediate lease-up at prevailing market rates and a substantial portion of in-place leases rolling below-market, positioning for meaningful NOI growth upon stabilization. The flexible occupancy structure creates an attractive entry point for owner-users to occupy a portion of the property while benefiting from income and appreciation potential through leasing the remaining space at current market rates.

Space details

Location

Silicon Slopes

Brochure

Brokers

David Nixon

David Nixon

Senior Managing Director

Broker details

Laura Dehtear

Laura Dehtear

Associate, Brokerage

Broker details