- For Sale $900,000
- Property Type Office - General Office
- Property Size 4,100 SF
- Units 9
- Property Tenancy Multi-Tenant
- Building Class B
- Year Built 2001
- Date Updated May 18, 2026
Description
7430 Creek Road is located within the highly desirable Union Park/Cottonwood Heights business node in Sandy, Utah, just east of the Union Park Avenue corridor. The property benefits from excellent regional connectivity, positioned minutes from I-215 and SR-190, with convenient access to Salt Lake City (15 minutes north) and Draper and Silicon Slopes (15 minutes south). This central positioning offers ease of access for employees and clients throughout the Salt Lake Valley. Traffic counts along Union Park Ave are 44,000 vehicles a day.
The area is a vibrant commercial hub, home to a mix of office parks, professional service providers, healthcare practices, and retail anchors. Nearby amenities include The Shops at Fort Union, Smith’s Grocery, Maverik, and numerous restaurants such as The Original Pancake House, J. Dawgs, and Outback Steakhouse—making it a prime location for both clients and employees.
Demographics within a 3-Mile Radius:
Population: 128,908
Median Household Income: $59,071
Housing Units: 53,478 with 64% owner-occupied
Market Fundamentals:
Vacancy Rate in Submarket: 12.9%
No new construction underway, reflecting limited inventory pressure
Availability Rate: 22.8%—supports stable occupancy and long-term value retention
The Cottonwood submarket stands out in the Salt Lake City MSA as a high-rent, low-delivery office node, commanding average market rents of $30/SF, well above the metro average of $26/SF. Given limited supply and strategic infillOffered at $900,000, this 4,100-square-foot office condominium consists of two contiguous units—Suite 103C (2,445 SF) and Suite 104C (1,655 SF)—located within a well-maintained, three-story office building constructed in 2001. The offering also includes two basement storage areas totaling 1,141 SF (875 SF and 266 SF), adding valuable functional space for operational or tenant use.
The Seller is willing to provide purchase-money financing equal to 60% of the purchase price, at a 7.00% fixed interest rate, 25-year amortization, and 5-year balloon payment, allowing buyers to preserve capital, reduce reliance on institutional lenders, and lock in predictable long-term financing terms.
Seller Financing Highlights
• Purchase Price: $900,000
• Seller Financing: 70% Loan-to-Value
• Down Payment Required: Approximately $270,000
• Seller Loan Amount: Approximately $630,000
• Interest Rate: 6.00% Fixed
• Amortization: 25 Years
• Balloon: 5 Years
This structure significantly enhances affordability for owner-users and boosts investor returns through reduced equity requirements and favorable leverage.
The property is currently configured into nine individual professional suites, accommodating a diverse tenant mix including a CPA firm, medical, wellness, a salon, and administrative service providers. While the asset has is 100% occupied, all tenants are on month-to-month agreements and would like to stay. This flexible lease profile provides a unique value-add opportunity for the buyer to implement market-rate rent adjustments and restructure tenancy for improved cash flow and long-term stability. (Rent Roll Available Upon Request with signed Confidentiality Agreement)
As a Class B office asset, the property features modern interior finishes, abundant surface parking, ADA-compliant access, and a highly visible and professional building entryway. The unit layout is well-suited for a broad range of users—ideal for owner- occupants or investors targeting tenants in the healthcare, beauty/wellness, financial, or small business sectors.
Highlights
- Aggressive 70% Seller Financing Offered
- Ample Surface Parking & Easy Access
- Built in 2001, the property features modern interior finishes, ADA-compliant access, and a professional entry—ideal for attracting and retaining tenants.
- Cottonwood Heights commands above-market rents with no new construction, signaling sustained demand and limited inventory pressure.
- Diverse Tenant Mix with Immediate Income Potential
- Flexible 4,100 SF Office Condo with Added Storage
- High-Quality Class B Construction
- Ideal for Owner-Users or Investors
- Includes two contiguous suites (2,445 SF and 1,655 SF) plus two basement storage units totaling 1,141 SF, offering significant utility and operational value.
- Mostly month-to-month leases offer investors or owner-users the ability to adjust to market-rate rents and improve income stability.
- Nine individual professional suites with only one vacancy; tenants include a CPA firm (leased through Jan 2026), medical, wellness, beauty, and admin service providers.
- Perfect for businesses in healthcare, beauty, finance, or small professional services, this asset offers flexibility for occupancy or strategic leasing.
- Prime Location in Union Park/Cottonwood Heights
- Situated in a vibrant, supply-constrained submarket, close to Union Park Ave (44,000+ VPD), and surrounded by retail, dining, and essential services.
- Strong Market Fundamentals
- The site provides abundant surface parking and is located just minutes from I-215 and SR-190, offering excellent connectivity across the Salt Lake Valley.
- Value-Add Investment Through Lease Restructuring
False
Contacts
Paul Pursell
eXp Commercial
Location
Located at 7430 S Creek Road, Unit 103C and 104C, Sandy, UT 84093, this property is part of the Quail Valley neighborhood and Salt Lake City market.
Contact Listing Broker
Paul Pursell
eXp Commercial