Ogden City Plaza

Ogden City Plaza

2261 2263-2293 GRANT AVE.
Ogden, UT
County: Weber

Kip Paul

Salt Lake City, UT
Direct: (801) 303-5555
Fax: (801) 322-2040
KPaul@comre.com

Additional Info & Materials

Building Information

Building Sq. Ft. 95,800
Available Sq. Ft. 95,800
Largest Contiguous N/A
Smallest Divisible N/A
Center Type Community Center
Land AC 7.82
Zoning COMMERCIAL
Area Northern Utah / Weber
Status Existing
Year Built 1984
Multi-Tenant Multi-Tenant
Anchor Tenants Teleperformance, Paul Mitchell School
Parcel Number 011020001
Parking N/A
Floors 1
Buildings 3
Sprinkler N/A

Investment Summary

Cap Rate (%) 8.00
Sale Conditions N/A
Price $14,272,000
Price/SF $148.00

Property Description

Strong co-tenants include Teleperformance & Paul Mitchell School. Great opportunity for retail and small office. Cental location in downtown area close to The Junction/shopping, restaurants, churches, baseball stadium, public safety complex and IRS campus. Ample parking.

Space Description

All leases have a minimum remaining lease term of 5 years or greater, thereby providing consistent cash flow. The average lease rate is $12.52 psf NNN, with two of the leases at $6.10 and $8.00 psf NNN, which are well below market.

Availability Information

Floor Unit Type SF Lease Rate Lease Type Vacancy Type Sale Price
  Investment  Retail  95,800        $14,272,000 
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting, or leasing of the property described herein shall be conducted through this office. The above information while not guaranteed has been secured from sources we believe to be reliable.