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The Schoolyard 3 Retail Properties Offered at $16,723,000 in Sandy, UT
Investment Highlights
- 100% occupied retail center with a synergistic mix of national and regional tenancies
- Replaceable market rents
- Ideally positioned adjacent to Costco, Walmart, Sam’s Club, & Scheels
- Long-term leases featuring annual rental increases and both corporate and personal guarantees
- High quality / strong demographic underlying real estate with major draws
- Recent large-scale renovations making this one of Sandy’s premier retail developments
Executive Summary
A recently renovated retail shopping center comprised of three separately parceled pad buildings with a synergistic mix of national and regional tenancies. The subject property is located in Sandy – an affluent Salt Lake City submarket boasting average household incomes of $138,000 within a 5-mile radius.
Property Facts
| Price | $16,723,000 | Number of Properties | 3 |
| Price / SF | $698.60 / SF | Individually For Sale | 2 |
| Cap Rate | 6.30% | Total Building Size | 23,938 SF |
| Sale Type | Investment | Total Land Area | 4.66 AC |
| Status | Active |
| Price | $16,723,000 |
| Price / SF | $698.60 / SF |
| Cap Rate | 6.30% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 2 |
| Total Building Size | 23,938 SF |
| Total Land Area | 4.66 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 11078 S State St, Sandy, UT 84070 | Retail | 8,434 SF | 2023 | $5,416,000 |
|
110 Retail
11020 S State St, Sandy, UT 84070 |
Retail | 8,170 SF | 2019 | $6,429,000 |
| 11052 S State St, Sandy, UT 84070 | Retail | 7,334 SF | 2019 | - |
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The Schoolyard
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