11078 S State St - Freestanding FOR SALE


$5,243,000 USD
650-678-7200
11078 S State St, Sandy, UT for Sale
$5,243,000 USD
Freestanding - FOR SALE
1/4
null | 6.5% Cap Rate


HIGHLIGHTS

  • Fully occupied three-tenant strip with a WALT of 5.83 years
  • 2023 build-to-suit construction with replaceable market rents
  • The subject property is a strip building within The Schoolyard development, one of Sandy’s premier recent retail developments
  • 30,000+ SF of newly constructed space – 100% occupied - Ideally positioned adjacent to Costco and Scheels
  • Salt Lake City MSA is one of the fastest-growing metro areas in the U.S.
  • Dense residential population – 284,000 residents within a 5-mile radius of the subject property

OVERVIEW

Fully occupied three-tenant strip center with a WALT of 5.83 years, anchored by a US Government lease that was signed in 2026 and another lease with ~8 years of term remaining featuring above-market 3% annual rental increases. The subject property is located in The Schoolyard, a premier retail development in the Salt Lake City MSA anchored by reputable national tenants including Shake Shack, Veterinary Emergency Group, and Roxberry Juice. It is situated along S State Street, one of Sandy’s primary retail and commercial thoroughfares, offering excellent visibility, strong traffic volumes (~28,000 VPD), and direct access to the city’s dominant shopping and dining corridor.

FOR SALE DETAILS

PRICE

$5,243,000 USD

PRICE/SF

$622 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

US Army Corps of Engineers Strip

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

CBD

APN/PARCEL ID

27-24-227-012-0000

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

John AndreiniCP Partners CREMore Info
650-678-7200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.