SOLD

South Towne Corporate Center

150 Civic Center Drive, Sandy, UT 84070

Property Overview

South Towne Corporate Center consists of two six story Class A office towers located in Sandy, Utah, 15 miles south of Downtown Salt Lake City. Building I was completed in 1999 and has 144,927 square feet of net leasable space, which includes 20,856 square feet of basement storage area. Building II was completed in 2006 and contains 124,306 square feet and no basement storage. The two buildings are on a single tax parcel, and each building has an attached three-level parking structure holding a combined 592 parking stalls. Additionally there are 730 surface parking stalls providing the Property with a total of 1,322 parking stalls and an overall 5.31/1,000 square foot parking ratio.

Investment at a Glance

Location: Sandy City, UT

Property Type: Class A Office

Acquisition Date: November 30, 2007

Purchase Price: $49,750,000

No. of Buildings: 2

No. of Stories: 6

Square Footage: 269,233 SF

$49,750,000 Total Purchase Price
269,233 square feet Total Rentable Area
Class A Building Class