Garden Square LLC Acquires Retail Property In Salt Lake City, Utah For $8.65M
75 Fort Union Blvd, Salt Lake City, UT, USA
$8,650,000
$111/SF
Building Size
77,927 SF
Asset Type
Retail
Closing
May 25, 2020
About this deal
AI
Located at 75 Fort Union Blvd in Salt Lake City, Utah, this retail property has been sold in a recent transaction. The property spans across 77,927 square feet and was acquired by Garden Square LLC for a total sale price of $8,650,000, resulting in a price per square foot of $111. The sale took place on May 25, 2021, between the buyer and the seller, Villa Gardens LLC.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,650,000
- Square Footage: 77,927
- Price Per Square Foot: $111
- Address: 75 Fort Union Blvd, Salt Lake City, Utah
- Market: Salt Lake City, Utah
The transaction was facilitated by the following brokers: Nick D’Argenzio from Redev_west, Tom Chichester, and Joe Chichester. Nick D’Argenzio represented the buyer Garden Square LLC, while Tom Chichester and Joe Chichester were involved in the transaction as representatives.
Players
Salt Lake City Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.83%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93