Notes from DenSwap:
"This flagship HQ is an operator’s dream: a downtown landmark with half its floors still available for conversion. The site already generates solid income and has doubled revenue recently, yet it still has 40% vacancy and untapped floors. Downtown Salt Lake City is an attractive market and one we see as underserved, but it will take one to two years before the building is full."
Inquire about this space:
This space represents a rare opportunity to acquire both a fully operational coworking business and the underlying real estate in the heart of Salt Lake City. The six-story building is only partially built out, with three floors currently generating revenue through private offices, desks and meeting space, while the remaining floors, basement and rooftop offer substantial upside for future expansion.
The existing coworking operation delivers recurring income today, supported by strong recent growth, while the building itself provides long-term appreciation potential tied to downtown redevelopment and the upcoming Winter Olympics. Members benefit from high-end amenities including conference rooms, flexible workspaces, a rooftop terrace and on-site gym, positioning the property as a flagship workspace. For a buyer, this is not just a stabilized business - it’s a scalable real estate platform with an operating business already in place to offset carrying costs and accelerate value creation.