Listed by Cushman & Wakefield - Salt Lake City, Utah
Unpriced
Seasons of Traverse Mountain
Details
Property Type Multifamily
Units 1026
Year Built 2014
Acreage 26.620
Zoning PC
440 Units | Silicon Slopes Multifamily | Investment Opportunity
Marketing description
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Seasons of Traverse Mountain (the “Property”), a 440-unit multifamily community located in Lehi, Utah, one of the most dynamic residential and employment markets in northern Utah County.
Combined with limited near-term supply, strong resident demographics, and deep-rooted multifamily fundamentals, the Property offers the opportunity to drive future rent growth, NOI expansion, and continued asset appreciation.
Investment highlights
Embedded Mark-to-Market Rent Upside and Executable Value-Add
- In-place rents average $1,444/month vs. $1,676/month at nearby comps
- No current concessions vs. 4–12 weeks free at nearby competitors
- Clear upside through rent growth and targeted unit upgrades
Irreplaceable Traverse Mountain Location & Amenity Base
- Located on Traverse Mountain with panoramic mountain, valley, and Utah Lake views
- Immediate access to 1.0M SF of existing retail
- Additional 430K SF of retail under construction nearby
Long-Term Demand Drivers
- Gateway location to Silicon Slopes, a 150,000+ job employment base
- Lehi supports 48,000 jobs, with projected 13% growth through 2030
- Rising homeownership costs support continued renter demand
Listing Contacts
Listed by Cushman & Wakefield - Salt Lake City, Utah
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Zoning
PC PlannedPlanned Community
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View all 146 uses Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics
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