3061 5600th W West Valley City, UT 84120-1303

Property Details for 3061 5600th W

Year built

2004

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.25 lot acres

Property size

43,175 SF

Zone code

C-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

14-25-151-006

APU

1425151006

Description

This exceptional 49,575 square foot shopping center in West Valley City, Utah, presents a compelling investment opportunity. Boasting a 100% occupancy rate and a strong 6.32% cap rate, the property features eight tenants, including prominent national brands like Starbucks, PetSmart, and Michaels. Two single-story buildings comprise this stabilized, NNN-leased center, offering corporate guarantees for added security. The property benefits from consistent net operating income (NOI) exceeding $868,388 since 2005, further enhanced by a recent $400,000 Starbucks remodel. An attractive feature is the assumable loan of approximately $5,000,000 at a 4.61% interest rate, subject to a one-point transfer fee and lender costs. The center's prime location, adjacent to the Mountain View Corridor Highway (Route 85), enjoys high traffic counts (approximately 150,000 ADT on 5600 W and 120,400 ADT on 3100 S & Brud Dr.), and benefits from a strong demographic profile with numerous nearby schools. Developed in 2005 and under the same ownership for approximately 18 years, this center demonstrates a history of success and significant upside potential. The property draws customers from a 25-mile radius, solidifying its position as a retail cornerstone in a thriving community. The pro-forma NOI is $853,427 and the pro-forma cap rate is 6.21%. The asking price is $13,750,000, resulting in a price per square foot of $277.36.

Location Insight

City

West Valley City

County

Salt Lake

State

Utah

Longitude

-112.023

Latitude

40.7043

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments