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129 S State St
Clearfield, UT 84015
Clearfield Town Square · Retail Property For Sale
Investment Highlights
- Clearfield Town Square offers investors the opportunity to acquire a well located mixed-use retail and office asset in the heart of Clearfield, Utah.
- Located minutes from Hill Air Force Base, which supports more than 25,000 military and civilian jobs and generates billions in annual economic impact.
- 5.59% vacancy and a WALT of approximately 1.5 years, provides investors with the opportunity to re-tenant space to drive NOI growth.
- Located along State Street in downtown Clearfield, the property benefits from excellent visibility and accessibility with direct connectivity to I-15.
- Davis County has experienced sustained population growth as households migrate north from Salt Lake County seeking attainable housing.
Executive Summary
RARE VALUE-ADD RETAIL & OFFICE INVESTMENT IN DAVIS COUNTY
Clearfield Town Square offers investors the opportunity to acquire a well located mixed-use retail and office asset in the heart of Clearfield, Utah. The property provides stable in-place income with the ability to create significant value through lease-up, tenant repositioning, and market rent growth within one of Northern Utah’s most supply-constrained submarkets.
Clearfield Town Square offers investors the opportunity to acquire a well located mixed-use retail and office asset in the heart of Clearfield, Utah. The property provides stable in-place income with the ability to create significant value through lease-up, tenant repositioning, and market rent growth within one of Northern Utah’s most supply-constrained submarkets.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
104,548 SF
Building Class
B
Year Built
2002
Price
$8,790,000
Price Per SF
$84.08
Cap Rate
6.25%
NOI
$549,114
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.25
Lot Size
9.68 AC
Opportunity Zone
Yes
Zoning
UC - Urban Core Commerce. Located in RDA Zone 8.
Parking
478 Spaces (4.57 Spaces per 1,000 SF Leased)
Frontage
143’ on S State St
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 12-001-0188 | Improvements Assessment | $3,011,486 |
| Land Assessment | $3,852,485 | Total Assessment | $6,863,971 |
Property Taxes
Parcel Number
12-001-0188
Land Assessment
$3,852,485
Improvements Assessment
$3,011,486
Total Assessment
$6,863,971
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