Turnkey Loft Space in Downtown Salt Lake City

This turn-key coworking space's predictable cash flows stem from long‑term office leases and a consistent stream of desk users. Its 7,500‑square‑foot footprint includes a flexible open area with 16 desks, 14 enclosed offices. and fully equipped meeting rooms, with room to steadily grow and realistically stabilize between $28,000 to $30,000 in MRR.

A part‑time community manager oversees tours, membership onboarding and day‑to‑day requests. Reservations for offices and meeting rooms are handled through an online platform, and cleaning/IT services are outsourced. Most sales come via the website or word of mouth; there is minimal advertising. Members have secure 24/7 access and share kitchen facilities stocked with coffee and supplies. The lean staff structure keeps overhead low while ensuring a welcoming environment.

Marketing has been limited to organic website traffic, social media posts and word‑of‑mouth referrals. To accelerate growth, the next owner could deploy targeted online advertising and SEO, partner with local businesses for cross‑promotions, and host networking events to raise visibility. The unique “chocolate factory” history of the building (it was originally the J.G. McDonald Chocolate Factory) provides a compelling story that could feature in branding and PR campaigns. A new operator can quickly fill the remaining vacant offices with some online advertising and drive conference room revenue through the aggregators.

The financials of the space are steady with opportunity to increase revenue 30 to 50% through increased office occupancy and conference rooms. Financial statements and rent rolls can be shared under NDA.

The location only has 14 offices in a 7,500 SF space, which is low compared to many downtown coworking spaces that have 30 to 40 offices. Building out additional offices would be a one-time expense that could increase revenue to $35,000 to $40,000 a month and increase the value of the real estate as well.

The current owner is a veteran in the coworking sector who expanded this brand into three locations. They own the real estate and have built a stable, cash‑flowing business. They are now consolidating their portfolio and will assist the buyer during transition.