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Cottonwood Plaza 1855-1891 Fort Union Blvd

26,452 SF 94% Leased Retail Building Salt Lake City, UT 84121 $9,243,393 CAD ($349 CAD/SF) 6.50% Cap Rate

Retail Buildings Utah Salt Lake City 1855-1891 Fort Union Blvd, Salt Lake City, UT 84121

Investment Highlights

  • Value-Add Opportunity
  • Prime Location in Cottonwood Heights

Executive Summary

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Cottonwood Plaza (the “Property”) – a 31,109-sf retail strip center anchored by the Utah State Liquor Store. Cottonwood Plaza presents a compelling value-add opportunity, paired with strong anchor tenancy, and a prime location in Cottonwood Heights, Utah, an affluent suburb of Salt Lake City. The Property is currently 89.8% occupied, with multiple tenants on below-market, month-to-month leases, featuring 3.77 years of WALT.

Attachments

Brochure

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
26,452 SF
Building Class
B
Year Built
1961
Price
$9,243,393 CAD
Price Per SF
$349 CAD
Cap Rate
6.50%
NOI
$600,821 CAD
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.21
Lot Size
2.89 AC
Zoning
C-2 - C-2 Zoning
Parking
120 Spaces (4.54 Spaces per 1,000 SF Leased)
Frontage
338 ft on Fort Union Blvd

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1883
  • 1,600 SF
  • Retail
  • In-Line
  • Now

Restaurant de 2e génération

Space Size Space Use Position Available
1883 1,600 SF Retail In-Line Now

1883

Size
1,600 SF
Space Use
Retail
Position
In-Line
Available
Now

1883

Size 1,600 SF
Space Use Retail
Position In-Line
Available Now

Restaurant de 2e génération

1 of 1
Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Starbucks
Zions Bank
Whole Foods Market
U.S. Bank
Curves
Bank of Montreal
America First Credit Union
Beans & Brews Coffee House
Fitness Together
Cottonwood Heights Fit Body Boot Camp

PROPERTY TAXES

Parcel Number 22-21-477-011-0000 Improvements Assessment $3,631,633 CAD
Land Assessment $4,185,090 CAD Total Assessment $7,816,723 CAD

PROPERTY TAXES

Parcel Number
22-21-477-011-0000
Land Assessment
$4,185,090 CAD
Improvements Assessment
$3,631,633 CAD
Total Assessment
$7,816,723 CAD
(801) 303-5555

Contacts

  • Listing ID: 32707313

  • Date on Market: 2024-08-06

  • Last Updated:

  • Address: 1855-1891 Fort Union Blvd, Salt Lake City, UT 84121

The Retail Property at 1855-1891 Fort Union Blvd, Salt Lake City, UT 84121 is currently available for sale. Contact Cushman & Wakefield for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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1855-1891 Fort Union Blvd, Salt Lake City, UT for sale Building Photo- Image 1 of 6
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1855-1891 Fort Union Blvd, Salt Lake City, UT for sale Building Photo- Image 2 of 6
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1855-1891 Fort Union Blvd, Salt Lake City, UT for sale Building Photo- Image 3 of 6
Exterior
1855-1891 Fort Union Blvd, Salt Lake City, UT for sale Building Photo- Image 4 of 6
Corner of Building
1855-1891 Fort Union Blvd, Salt Lake City, UT for sale Building Photo- Image 5 of 6
Major Tenant

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Cottonwood Plaza | 1855-1891 Fort Union Blvd
(801) 303-5555 x

Cottonwood Plaza | 1855-1891 Fort Union Blvd

1/4

Kip Paul

(801) 303-5555

(801) 303-5555

Michael King

(801) 303-5421

(801) 303-5421

JT Redd

(801) 303-5569

(801) 303-5569

Christopher Fiander-Carr

(801) 322-2000

(801) 322-2000

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