Contact Property

Lexington Square Office Condos

Off-Market

5931 South Redwood Road, Salt Lake City, UT 84123

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 57,600 SF
  • Lot Size 3.15 Acre
  • Parking Spaces Avail. 120
  • Parking Ratio 2.10/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1998

Location

  • Walk Score ® Car-Dependent (44)
  • Transit Score ® Some Transit (34)
  • Bike Score ® Somewhat Bikeable (46)
Powered by Walk Score ®
  • City Salt Lake City, UT
  • Neighborhood Taylorsville
  • Zip Code 84123
  • Market Salt Lake City

Points of Interest

Bingham Junction

2.13 miles

Fashion Place West

2.18 miles

Historic Gardner

2.50 miles

Murray Central

2.51 miles

Murray Central

2.54 miles

West Jordan City Center

2.61 miles

Midvale Fort Union

2.64 miles

2700 West Sugar Factory Road

3.16 miles

Midvale Center

3.26 miles

Murray North

3.31 miles

Chevron

0.50 miles

Speedway

0.71 miles

7-Eleven

1.25 miles

Chevron

1.31 miles

Chevron

1.33 miles

Smith's Fuel

1.37 miles

Shell

1.48 miles

Speedway

1.53 miles

M & M Service Station

1.53 miles

Exxon

1.69 miles

Parking Lot A

1.91 miles

Parking Lot B

1.92 miles

Parking Lot C

1.93 miles

Parking Lot D

1.94 miles

Parking Lot A

1.94 miles

Parking Lot E

1.95 miles

(LDS Institue Parking) Parking Lot E

1.99 miles

Parking Lot F

1.99 miles

Parking Lot O

2.06 miles

Parking Lot G

2.07 miles

HomeTowne Studios Salt Lake City - Mid Valley

0.31 miles

Fairfield Inn by Marriott Midvale

1.77 miles

Tru by Hilton Salt Lake City Midvale

1.86 miles

Quality Inn

1.96 miles

Holiday Inn Express & Suites

2.12 miles

Staybridge Suites

2.13 miles

Discovery Inn

2.43 miles

Discovery Inn

2.46 miles

Motel 6 Midvale, UT - Salt Lake City South

2.49 miles

La Quinta Inn by Wyndham Salt Lake City Midvale

2.50 miles

Burger King

0.36 miles

Virg's Fish & Chips

0.36 miles

Applebee's

0.40 miles

The Old Spaghetti Factory

0.40 miles

King Buffet

0.41 miles

Honey Baked Ham

0.45 miles

Wingstop

0.45 miles

Subway

0.46 miles

Carl's Jr.

0.50 miles

Einstein Bros. Bagels

0.51 miles

Kids World Academy

0.50 miles

Calvin S. Smith Elementary School

0.51 miles

Taylorsville High School

0.93 miles

Bennion Junior High School

0.97 miles

Plymouth Elementary School

0.98 miles

Bennion Elementary School

1.27 miles

Heartland Elementary School

1.38 miles

Riverview Junior High School

1.38 miles

Viewmont School

1.42 miles

Vista Elementary School

1.48 miles

Lit'l Scholars Learning Center

1.70 miles

Tender Touch

1.89 miles

ABC Great Beginnings Child Care

2.06 miles

Murray School District Early Childhood Education Center

2.36 miles

Little Critters Child Care

3.33 miles

Little Learners Academy

4.04 miles

Tender Touch

4.10 miles

Millcreek Activity Center

4.62 miles

Utah Community Action

5.19 miles

Little Minds Academy

5.46 miles

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
Unlock on CommercialEdge

This is a preview. The total list of tenants and suites, along with other lease information, for this property is available on CommercialEdge

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Salt Lake City

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

Asking Rents in Salt Lake City Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $23.30
  • 2020 Office Vacancy Rate 11.97%
  • 2020 Office Completions (SF) 141,374

Salt Lake City Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $122.31
  • Y-o-Y Avg. PpSF Change -27.17%
  • 2020 Office Sales Volume $54.4M
  • 2020 Number of Transactions 6
View more Salt Lake City market trends

Tax

  • Property Tax in 2021 $74,137
  • Market Value* $5,762,300
  • Assessed Value $5,762,300

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Lexington Square Office Condos?

Lexington Square Office Condos totals 57,600 square feet.

When was this property built?

Lexington Square Office Condos was built in 1998.

What is the property tax for Lexington Square Office Condos?

The property tax for Lexington Square Office Condos in 2021 was $74,137.

What is the market value for Lexington Square Office Condos?

The market value* for Lexington Square Office Condos in 2021 was $5,762,300.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.