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    FOR LEASE
    Strip malls

    8860 S Redwood Rd, West Jordan, UT 84088

    20,079 SF 1.67 ac lot Built 2017
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US86-1467509
    Property summary
    AI-generated overview

    This exceptional 20,000 square foot, single-story Class A commercial building, constructed and renovated in 2018, is located at 8860 South Redwood Road in West Jordan, Utah (zip code 84088). The property boasts a highly visible location with 37,649 average daily traffic counts along Redwood Road, ensuring excellent exposure for your business. The building features five suites, with a minimum divisible space of 2,190 square feet and a maximum contiguous space of 14,750 square feet currently available for lease. Suite sizes range from 2,190 square feet to 7,492 square feet, offering flexibility for various business needs. The building is zoned SC-2 and has an impressive 18-foot ceiling height. Ample parking is provided with 180 spaces, a generous 5.00 spaces per 1,000 square feet. Additional features include street pylon signage and a tenant improvement allowance. The property's location in Salt Lake County (APN 27-03-176-035-0000) offers easy access to major transportation routes. The building's property tax rate is $1.23 per square foot. The building is suitable for various uses, including medical office, creative office, retail, and restaurant spaces. This is a rare opportunity to secure prime commercial space in a thriving West Jordan location. Lease rate is $18.00 NNN.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2017
    Construction WOOD FRAME
    Total area 20,079 SF
    Lot 1.67 ac (72,745 SF)
    Zoning code SC-2
    APN 27-03-176-035
    UPID US86-1467509
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $900k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.06M
    Blend (final) Blend
    $980k
    Owner & transaction history
    Redwood Medical Investors LLC · 9 yrs held
    Redwood Medical Investors LLC
    since 2016
    5 recorded transactions
    2022
    2019
    2016
    2008
    2005
    Zoning & alternative use
    SC-2 · West Jordan, UT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $1.6M +75.0%
    Retail stores $1.5M +69.7%
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    More about this property
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