Listed by Newmark Mountain West, Colliers - Salt Lake City, Utah
$5,442,573
The Apollo • Multi-Tenant Investment
Details
APN 22-10-134-041-0000
Property Type Retail, Mixed Use
Sub Type Storefront, Retail
Square Footage 11,526
Net Rentable (SqFt) 11,526
Cap Rate 5.75%
NOI $312,948
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $472
Class A
Year Built 2018
Buildings 1
Acreage 1.010
Zoning MU - Mixed-Use
Parking Spaces 459 spaces
Parking per 1,000 SqFt 39.82
Investment Type Stabilized
Ground Lease No
Retail | 5.75% CAP | 11,526 SqFt
Marketing description
Newmark Mountain West is proud to present the unique opportunity to acquire The Apollo, a luxury mixed-use development in the heart of Holladay. Located under 31 luxury residential condos, the main level retail totals 11,526 square feet of boutique retailers to the trade area. The retail component is positioned to leverage the high foot traffic and affluent demographic of the "five-minute neighborhood" in Holladay Village, which presents a unique opportunity to acquire a 100% leased, institutional quality retail investment. The center benefits from exceptional co-tenancy, excellent visibility, quality construction, curb appeal, and a strong location in the heart of the Holladay's retail sector.
Investment highlights
- The 31 luxury condo units provide an immediate, built-in customer base with unit prices starting in the $800,000s.
- The site is a core part of the Holladay Village redevelopment, designed for high pedestrian accessibility to nearby post offices, grocery stores, and independent shops.
- Class A retail within a contemporary condominium structure, featuring modern materials like stone and brick veneer.
Listing Contacts
Listed by Newmark Mountain West, Colliers - Salt Lake City, Utah
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$312,948.00
$26,079.00/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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