Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing a 316,274-square-foot shopping center for sale in the Salt Lake City community of Sandy, Utah. Anchored by Super Target on a ground lease, Marketplace at South Town is 100% leased and has recently undergone significant renovations and capital investment from current ownership.
Marketplace at South Town has recently undergone over $1.2 million in capital improvements including exterior painting, façade upgrades, new signage, landscaping upgrades, sidewalk and parking lot improvements. A new owner will have little need for additional capital reserves over the hold period.
Located at 10090-10290 State Street, Marketplace at South Town is located at the heart of the State Street Corridor of Sandy, one of the most affluent communities in the Salt Lake City market. It is connected to the newly renovated regional mall, The Shops at South Town. More than 291,000 residents are located within a five-mile radius of the property with average household incomes exceeding $113,000.
For more information on this retail and office property for sale or other available retail properties for sale in the western United States, please contact Chad Murray, Justin Kundrak, Bryan Ley or Jason Schmidt or visit the property’s listing page, where you can download a CA. Click here for to view our real estate investment sales search page to see all of the available commercial properties for sale.