SRS Real Estate Partners Facilitates $5.3M Sale Of Retail Property In Herriman
5116 Denali Park Drive
$5,300,000
$483/SF
Building Size
10,953 SF
Asset Type
Retail
Closing
Feb 13, 2024
About this deal
AI
A newly constructed retail property in Herriman, UT, located at 5116 Denali Park Drive, was recently sold for $5.3 million. The property spans 10,953 square feet, resulting in a price per square foot of $484. Susan Harris from SRS Real Estate Partners represented the transaction, facilitating the sale to a Washington-based private investor.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $5,300,000
- Market: Herriman, UT
- Broker: Susan Harris - SRS Real Estate Partners
The sale of this retail property underscores the successful transaction orchestrated by Susan Harris of SRS Real Estate Partners. The involvement of a private investor from Washington signifies interest from out-of-state buyers in Herriman's real estate market, particularly in the retail sector near Salt Lake City.
Herriman Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Susan Harris to view all their deals.
Browse Herriman retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93