This Retail Property is Off-Market.

7064 South Redwood Road
West Jordan, UT 84084 ·

101,574 SF · Retail For Sale

N/A

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This property will be auctioned on
11/16/2011 1:00 PM MST

Auction Location:

307 North Admiral Byrd Road, Salt Lake City, UT

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This property was auctioned on 11/16/2011 {{displayTime | date:'hh:mm a'}} MST

Redwood Village Shopping Center

Price N/A Cap Rate 15.50%
Gross Leasable Area 101,574 SF Occupancy 76%
Property Type Retail No. Stories 1
Property Sub-type Community Center Tenancy Multiple
Property Use Type Investment Year Built 1979
Auction Yes Lot Size 10.86 AC
Commission Split 1%
Listing ID: 17345372 Date Created: 09/23/2011 Last Updated: 11/16/2011

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.

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

Research

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

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