Draper Office Building Changes Ownership

Greg Pavich and Pete Williams Broker Sale

Salt Lake City (January 22, 2017) —Coldwell Banker Commercial Advisors (CBC Advisors) today announced that Greg Pavich, executive vice president, and Pete Williams, vice president of investment sales and development, brokered the sale of approximately 42,000 square feet in Draper. Pavich represented the seller. Williams represented the buyer.

“This property is well-positioned in a strong south Salt Lake Valley market,” said Pavich. “It retains a solid tenant mix with premier transit access.”

Built in 2004 and located at 12984 S. Pony Express Rd., the office/flex building remains 100% occupied with two easy access points to off ramps on I-15. The property’s anchor tenant is American Preparatory. The school recently expanded their headquarters and opened classroom space within the property. The building sold within 60 days within 5% of the asking price.

“It was a pleasure brokering this transaction,” said Williams. “The property has and will deliver strong yields well into the future.”

CBC Advisors has long been considered one of the most recognized and trusted brands in commercial real estate and is the largest, full-service commercial real estate brokerage in Utah– representing world-class industrial, investment, multifamily, office and retail properties nationally.