$5,409,000 USD
650-678-7200
11078 S State St
Sandy, UT 84070
Outer S Jordan/Riverton/Bluffdale
HIGHLIGHTS
- Long term leases with annual rent increases throughout base terms and options
- All tenants report sales
- Brand-new 2023 build-to-suit construction
- Replaceable market rents
- The Schoolyard is one of Sandy’s premier new retail developments - 30,000+ SF of newly constructed, 100% occupied space
- Ideally positioned adjacent to Costco and Scheels
OVERVIEW
New construction strip center located in affluent Salt Lake City suburb adjacent to Costco and Scheels. A five-tenant retail strip center with all tenants on long-term leases that feature rental increases throughout the base terms and options. The subject property is located in Sandy, UT – a fast growing Salt Lake City suburb which benefits from excellent residential demographics.
FOR SALE DETAILS
PRICE
$5,409,000 USD
PRICE/SF
$641 USD /SF
CAP RATE
6.3%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Schoolyard - Building C
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.47 AC
LAND SF
64,033 SF
ZONING
CBD
APN/PARCEL ID
27-24-227-012-0000
ASK ABOUT THIS PROPERTY
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650-678-7200
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650-678-7200
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