Jordan Square Shopping Center

Jordan Square Shopping Center

West Jordan, UT
County: Salt Lake

Kip Paul

Salt Lake City, UT
Direct: (801) 303-5555
Fax: (801) 322-2040

Additional Info & Materials

Building Information

Building Sq. Ft. 101,391
Available Sq. Ft. N/A
Largest Contiguous N/A
Smallest Divisible N/A
Center Type Community Center
Land AC 8.99
Zoning SC-2
Area South West
Status Existing
Year Built 1980
Multi-Tenant Multi-Tenant
Anchor Tenants VASA Fitness
Parcel Number 2134128013, 2134128014, 2134128001
Parking 426
Floors 2
Buildings 4
Sprinkler N/A

Investment Summary

Cap Rate (%) 7.11
Sale Conditions N/A
Price $17,300,000
Price/SF $170.00

Property Description

This Investment Offering provides the Opportunity for an Investor to acquire the JORDAN SQUARE shopping center located West Jordan, Utah. The 101,391 square foot project is anchored by VASA Fitness, the market’s leading fitness facility operator who has a 75% market share in the Salt Lake Valley. In addition to VASA, 17 other tenants are located in the shopping center, including Boost Mobile, Cricket Wireless, H&R Block, High Pointe Coffee, and Barbacoa. Located on the hard corner of 7800 South Redwood Road, combined average daily traffic counts exceed 68,000.

Space Description

90% occupancy, Anchored by the third-highest producing location for VASA Fitness with a lease term running through January 2024, Well-staggered lease expiration dates.

Availability Information

Floor Unit Type SF Lease Rate Lease Type Vacancy Type Sale Price
    Retail  9,909  $20.00  NNN  Direct   
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.