Historical Retail Sale Listing - Redwood Village Shopping Center

Retail For Sale

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Redwood Village Shopping Center

7064 South Redwood Road, West Jordan, UT 84084

N/A

101,574 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
101,574 SF
Property Type:
Retail
Property Sub-type:
Community Center
Property Use Type:
Investment
Auction:
Yes
Commission Split:
1%
Cap Rate:
15.50%
Occupancy:
76%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1979
Lot Size:
10.86 AC
Listing ID
17345372
Last Updated
over 1 year ago

Highlights

  • The property will be sold subject to a minimum bid of $3,750,000
  • On-site inspections: Oct. 6, Oct. 18 & Nov. 2 from 11:00 to 2:00
  • 2 tours will be conducted on each viewing date. 1st tour begins at 11:00, 2nd tour begins at 12:30
  • A 1% referral fee will be paid to the realtor/broker whose registered client closes on the property
  • Auction will be held Nov. 16 at the Hampton Inn & Suites Salt Lake City Airport

Description

The Redwood Village Shopping Center is a one story retail center located on heavily traveled South Redwood Road in West Jordan, a suburb of Salt Lake City and the 4th largest city in Utah. The center consists of one building with inline retail space and one pad building housing a US Bank drive-thru site. The property is located on a 10.86 acre site with a total of 474 parking spaces. Originally built in 1979 with the southern portion built in 1986 the center underwent a major renovation in 2007 (new roofs, facades, canopy, reseal and striping of the parking lot, new pylon signage & site lighting). The well rounded tenant mix includes national tenants Dollar Tree and Harbor Freight Tools along with an outlet furniture store, insurance office, dry cleaning business, employment company office, check cashing, hair and tanning salons, pawn shop, karate studio, bridal, fabric, craft and copy shops, restaurants and a sports bar.

Directions: From the intersection of I-215 and Exit 113 (Redwood Road/UT-68) go south 1.3 miles to the property. Property is located on the southwest corner at the intersection of South Redwood Road and West 7000 South Street.

Map of 7064 South Redwood Road, West Jordan, UT 84084 (Salt Lake County)

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