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Syracuse High Retail Complex 1863 W 700 S 6,518 SF 100% Leased 4-Star Retail Building Syracuse, UT 84075 $3,100,000 ($475.61/SF) 6.49% Cap Rate
Investment Highlights
- Nestled between Syracuse, West Point and Clearfield.
- The center is a vibrant blend of contemporary design and traditional craftsmanship.
- This modern retail hub, characterized by it's unique craftsman architecture, is a testament to the city's progressive spirit.
Executive Summary
Nestled between Syracuse, West Point and Clearfield, directly across from Syracuse High School, lies the bustling Syracuse High Retail Complex. This modern retail hub, characterized by it's unique craftsman architecture, is a testament to the city's progressive spirit. The center is a vibrant blend of contemporary design and traditional craftsmanship, offering a refreshing shopping experience to locals and visitors alike.
The Syracuse High Retail Complex is home to relevant and appealing tenants that serve the nearby school population and the demographics of the city. This center brings much needed amenities to this under served part of town. The NOI is $201,046.37.
The Syracuse High Retail Complex is home to relevant and appealing tenants that serve the nearby school population and the demographics of the city. This center brings much needed amenities to this under served part of town. The NOI is $201,046.37.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
6,518 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2021
Price
$3,100,000
Price Per SF
$475.61
Cap Rate
6.49%
NOI
$201,046
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.00 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-050-0032 | Improvements Assessment | $629,740 |
| Land Assessment | $531,868 | Total Assessment | $1,161,608 |
Property Taxes
Parcel Number
12-050-0032
Land Assessment
$531,868
Improvements Assessment
$629,740
Total Assessment
$1,161,608
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Syracuse High Retail Complex | 1863 W 700 S
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