Utah Department Of Health And Human Services Acquires 312,234 SF Office Complex For $40M
2650 Decker Lake Boulevard
$40,000,000
$128/SF
Building Size
312,234 SF
Asset Type
Office
Closing
Jul 22, 2026
About this deal
AI
On July 22, 2026, a transaction took place involving a 21.7-acre office asset located at 2650 Decker Lake Boulevard in West Valley City, UT. The asset, a five-building office complex known as Franklin Campus, encompasses a total of 312,234 square feet and was sold for $40 million. The price per square foot is calculated at $128.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $40,000,000
- Address: 2650 Decker Lake Boulevard
- Market: West Valley City, UT
- Asset Size: 21.7 Acres
- Square Footage: 312,234
- Price per Square Foot: $128
The transaction was represented by brokers Brandon Fugal and Chris Kirk from Colliers. Utah has acquired this office complex to serve as the headquarters for the Utah Department of Health and Human Services.
West Valley City Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93