801-303-5555
25 E Fort Union Blvd, Midvale, UT for Sale
Storefront Retail/Office - FOR SALE
1/5
null | Request Cap Rate

25 E Fort Union Blvd
Midvale, UT 84047


HIGHLIGHTS

  • Value-Add Opportunity
  • Occupancy & WALT: 89% occupied with 3.06 years of WALT
  • Executive Office Suite: The property features an 8,341 sf end-cap executive office suite concept that is performing remarkably well
  • Location: The property is situated on the hard corner of State Street and Fort Union Boulevard, a highly trafficked intersection

OVERVIEW

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Garden Square (the “Property”) – a 75,496-sf unanchored retail strip center located in Midvale, Utah. Midvale, true to its name, is centrally located in Salt Lake County and serves as a suburb of Salt Lake City. This prime location offers convenient access to major population centers, world-class skiing, and stunning natural scenery. The Property is currently 89% occupied, with two prime suites totaling 8,153 sf currently vacant, offering an immediate value-add opportunity for the next investor. Additionally, multiple tenants are paying below-market lease rates. The property features 3.06 years of WALT, ensuring steady cash flow while allowing for strategic rent increases over time as leases expire. This is the premier retail investment opportunity for investors with a long-term investment horizon and conviction in the Salt Lake retail market.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Garden Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

220

LAND DETAILS

LAND ACRES

4.1 AC

LAND SF

178,596 SF

ZONING

State Street Zone (SSC)

APN/PARCEL ID

22-30-107-038-0000

ASK ABOUT THIS PROPERTY

Kip PaulCushman & WakefieldMore Info
801-303-5555

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Kip PaulCushman & WakefieldMore Info
801-303-5555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.