129 S State St - Retail FOR SALE


Clearfield, UT 84015
$8,790,000 USD
801-578-5534
129 S State St, Clearfield, UT for Sale
$8,790,000 USD
Retail - FOR SALE
1/8
null | 6.25% Cap Rate

129 S State St
Clearfield, UT 84015


HIGHLIGHTS

  • Clearfield Town Square offers investors the opportunity to acquire a well located mixed-use retail and office asset in the heart of Clearfield, Utah.
  • Located along State Street in downtown Clearfield, the property benefits from excellent visibility and accessibility with direct connectivity to I-15.
  • Located minutes from Hill Air Force Base, which supports more than 25,000 military and civilian jobs and generates billions in annual economic impact.
  • Davis County has experienced sustained population growth as households migrate north from Salt Lake County seeking attainable housing.
  • 5.59% vacancy and a WALT of approximately 1.5 years, provides investors with the opportunity to re-tenant space to drive NOI growth.

OVERVIEW

RARE VALUE-ADD RETAIL & OFFICE INVESTMENT IN DAVIS COUNTY Clearfield Town Square offers investors the opportunity to acquire a well located mixed-use retail and office asset in the heart of Clearfield, Utah. The property provides stable in-place income with the ability to create significant value through lease-up, tenant repositioning, and market rent growth within one of Northern Utah’s most supply-constrained submarkets.

FOR SALE DETAILS

PRICE

$8,790,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clearfield Town Square

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

478

LAND DETAILS

LAND ACRES

9.68 AC

LAND SF

421,661 SF

ZONING

UC

APN/PARCEL ID

12-001-0188

ASK ABOUT THIS PROPERTY

Bryce BlanchardNewmarkMore Info
801-578-5534

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Bryce BlanchardNewmarkMore Info
801-578-5534

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