3687 Pioneer Parkway, Santa Clara, UT 84765

Giovengo Building 1A is a modern, high-quality multi-tenant retail property constructed in 2023. The 6,400-square-foot building contains four suites ranging in size from 1,178 to 2,067 square feet. The property is located in the fast-growing resort corridor near St. George, Utah, and offers an attractive 6% CAP rate on current proforma. The property promises long-term capital appreciation through scheduled rent increases. The architectural design is sleek and contemporary, reflecting the style of new metropolitan retail developments while harmonizing with the red rock backdrop of Ivins and Santa Clara. The modern construction ensures minimal deferred maintenance and an appealing streetscape presence for tenants and visitors. Positioned near the intersection of Pioneer Parkway and Rachel Drive, the property enjoys excellent accessibility. I-15 is less than ten miles away via Old Highway 91 or Snow Canyon Parkway, connecting the property seamlessly to the rest of Southern Utah. The immediate area is anchored by strong commercial neighbors, including Harmon’s Grocery, O’Reilly Auto Parts, Ace Hardware, and Dollar Tree. This commercial area also serves as the principal retail corridor for the affluent Santa Clara and Ivins communities. Giovengo Building 1A’s location is adjacent to the Black Desert Resort, the largest resort development in Utah. Black Desert spans more than 600 acres and represents over $2 billion in investment. The resort began phased openings in late 2024, with full completion anticipated in 2026. The resort features nearly 800 guestrooms and suites, a Tom Weiskopf–designed championship golf course, a 15,000-square-foot spa, extensive indoor and outdoor event venues, and a wide selection of dining concepts. Plans also include a retractable-roof arena designed to host concerts and sporting events, along with over 200 acres of preserved land for hiking, biking, and outdoor recreation.