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11020-11052 S State St Sandy, UT 84070

For Sale
$16,723,000

Prime retail center with strong tenants in a growing area.

Property size:
24,604 SF
Lot size:
5.46 Acres

Property Features for 11020-11052 S State St

General Information

Size
24,604 SF
Lot size
5.46 Acres

Source: CP Partners Agent John Andreini

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Fully Occupied Retail Center

This 100% occupied retail center features a synergistic mix of national and regional tenancies. The property benefits from long-term leases that include annual rental increases and both corporate and personal guarantees. Market rents are replaceable. The underlying real estate is of high quality and supported by strong demographics with major draws. The property is ideally positioned adjacent to Costco, Walmart, Sam’s Club, and Scheels. Recent large-scale renovations have made this one of Sandy’s premier retail developments. The Salt Lake City MSA is one of the fastest-growing metro areas in the U.S. The surrounding area features affluent demographics, with average household incomes of $138,000 within a 5-mile radius of the subject property. The property contains 24,604 square feet and is located at 11020-11052 S State Street, Sandy, UT.
Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

South Center, Crescent Corner, Coin Cloud Bitcoin ATM, SouthGate Office Park, OVCC

Location Insight

  • Map
  • Local Demand
City
Sandy
County
Salt Lake
State
Utah
Longitude
-111.8913939
Latitude
40.5511639

FAQs

What type of property is this?
Shopping center - Prime retail center with strong tenants in a growing area.
Where is this shopping center located?
The property is located at 11020-11052 S State St Sandy, UT.
What is the asking price?
The asking price for this property is $16,723,000.
What are key features of this property?
This property features: - Ideally positioned adjacent to Costco, Walmart, Sam’s Club, & Scheels; - 100% occupied retail center with a synergistic mix of national and regional tenancies; - Affluent demographics – **$138,000 average household incomes within a 5-mile radius**
More about this property
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