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The Schoolyard - Building C 11078 S State St

8,434 SF 100% Leased Retail Building Sandy, UT 84070 $5,409,000 ($641.33/SF) 6.30% Cap Rate

Retail Buildings Utah Sandy 11078 S State St, Sandy, UT 84070

INVESTMENT HIGHLIGHTS

  • Long term leases with annual rent increases throughout base terms and options
  • Brand-new 2023 build-to-suit construction
  • The Schoolyard is one of Sandy’s premier new retail developments - 30,000+ SF of newly constructed, 100% occupied space
  • All tenants report sales
  • Replaceable market rents
  • Ideally positioned adjacent to Costco and Scheels

EXECUTIVE SUMMARY

New construction strip center located in affluent Salt Lake City suburb adjacent to Costco and Scheels. A five-tenant retail strip center with all tenants on long-term leases that feature rental increases throughout the base terms and options. The subject property is located in Sandy, UT – a fast growing Salt Lake City suburb which benefits from excellent residential demographics.

ATTACHMENTS

TheSchoolyard_BuildingC_SandyUT

PROPERTY FACTS Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,434 SF
Building Class
B
Year Built
2023
Price
$5,409,000
Price Per SF
$641.33
Cap Rate
6.30%
NOI
$340,793
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.47 AC
Zoning
CBD - Central Business District
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NEARBY MAJOR RETAILERS

Buffalo Wild Wings
Mo’Bettahs
CrossFit
Club Pilates
Trader Joe's
KeyBank
The Habit Burger Grill
IHOP
The Original Pancake House
Beans & Brews Coffee House

PROPERTY TAXES

Parcel Number 27-24-227-012-0000 Improvements Assessment $3,576,200
Land Assessment $3,379,700 Total Assessment $6,955,900

PROPERTY TAXES

Parcel Number
27-24-227-012-0000
Land Assessment
$3,379,700
Improvements Assessment
$3,576,200
Total Assessment
$6,955,900
(650) 678-7200

CONTACTS

  • Listing ID: 33640238

  • Date on Market: 10/25/2024

  • Last Updated:

  • Address: 11078 S State St, Sandy, UT 84070

More public record information on 11078 S State St, Sandy, UT 84070

The Retail Property at 11078 S State St, Sandy, UT 84070 is currently available for sale. Contact CP Partners CRE for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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The Schoolyard - Building C | 11078 S State St
(650) 678-7200 x

The Schoolyard - Building C | 11078 S State St

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John Andreini

(650) 678-7200

(650) 678-7200

Kirby Dederian

(415) 274-2700

(415) 274-2700

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