Property History
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Property Type
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Marketing Description
100% Occupied Anchored Shopping Center: Extra Space Storage (42,197 SF), VASA Fitness (60,000 SF), and Get Air Trampoline Park (42,427 SF).
Investment Highlights
- 100% Occupied Anchored Shopping Center: Extra Space Storage (42,197 SF), VASA Fitness (60,000 SF), and Get Air Trampoline Park (42,427 SF)
- Extra Space Storage: Publically Traded REIT (#1 Ranked of ALL REITS on Wall Street for Total 10-Year Return), 50 Year Primary Lease Term with 10% Increases every 5 Years. 20 Year Fixed Extra Space Bonds Selling at 3.125% on Wall Street
- VASA Fitness: #1 Fitness Chain in Utah, This location is #2 in Total Customer Volume out of 22 Locations. 9 Years Remaining on Primary Lease Term
- Get Air Trampoline Park: One of the Largest Trampoline Parks in North America with 66 Locations. 8.5 Years Remaining on Primary Lease Term with 10% Increase in 2019
- Value Add Pad: Future Pad of up to 2,500 SF Building. Land Area to be Determined Next to Entrance
- New TPO Membrane Roof over the Entire Center in 2013
- Entire Parking Lot is Concrete (Low Maintenance)
- New HVAC on 56% of Property in 2015.
- 3 Mile Population: 131,295; 3 Mile Avg HH Income $80,618
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