For Sale
$7,800,000

633 3300South Salt Lake, UT 84106

High-yield retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 47,718 square foot, single-story, multi-tenant retail center located at 633 E 3300 S, Salt Lake City, UT 84106. The property, built in 1974, boasts a 5.73% cap rate and a strong net operating income (NOI) of $447,029. Currently operating at 100% occupancy, the Class B property features a NNN lease structure and is situated on a 4.22-acre lot with ample parking (2.75 spaces per 1,000 sq ft). The property is zoned CC and includes a Walgreens pharmacy as an anchor tenant. The asking price is $7,800,000. Its strategic location in South Salt Lake City offers significant advantages, benefiting from proximity to two collegiate institutions (University of Utah and Westminster College), world-renowned ski resorts within an hour's drive, and the thriving Silicon Slopes tech corridor. Furthermore, the property's location benefits from the substantial tourism generated by Utah's five national parks and other unique attractions. This presents a compelling investment opportunity with strong potential for long-term growth and returns. The APN is 16-30-431-090-000.

Highlights

  • Prime location near University of Utah (24,635 students) and Westminster College (2,030 students).
  • Proximity to world-class ski resorts (Park City, Deer Valley, etc.) attracting millions of annual visitors.
  • Situated in the thriving Silicon Slopes tech hub, home to major companies like Adobe and others.
  • Close proximity to five renowned Utah National Parks, driving significant tourism.
  • Convenient access to unique Utah attractions like Bonneville Salt Flats and the Sundance Film Festival.

Property Details for 633 3300

Property type
Lifestyle centers, Power centers
Square Feet
47,718 SF
Class
B
Year Built
1974
Buildings
1
Stories
1
Lot Size (sq. ft)
183,823 SF

Location Insight

City
South Salt Lake
County
Salt Lake
State
Utah
Latitude
40.700509
Longitude
-111.8730455
633 3300, South Salt Lake, Utah

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633 3300
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