Property Listing No Longer Available for Sale

6185 S. Fashion Place Mall

Murray, UT

Land for Sale - $2,500,000 - 2.85 acres


Property Info

CIMLS#1027004
Location
  6185 S. Fashion Place Mall
  Murray UT 84107
UpdatedAugust 17th, 2020
TypeLand
Price$2,500,000
Land2.85 acres

Property Description

- Rare Purchase Opportunity

- Parking Lot for Fashion Place Mall

- Site Size: 2.85 Acres

- Excellent Visibility with High Traffic Counts

- Fashion Place Information:

130 + Retailers

Retail Space: 965,464 SF

Year Built: 1972

Year Renovated: 2011

Largest Mix of First-to-Market Stores

and Restaurants in Utah

Unparalleled Shopping, Dining and

Entertainment Destination

Located in the Vibrant and Desirable

Community of Salt Lake Valley

Easily Accessible from I-15 and I-215

- Tenant: NYSE (GGP)

BrookfieldPropertiesRetail.com

- Commencement: April 1, 1972

- Expiration: April 2034

- Option Periods: (3) 10 Year

- End Option Period: 2064

- Increases: 25% Every 10 Years

- Cap Rate: 5.62%

- Absolute NNN Lease

- Projected Average Annual Income: $140,500.00

MAJOR PRICE REDUCTION : $2,800,000.00

6185 S. Fashion Place Mall, Murray, Utah 84107

For more information on this property, please contact Crystal Johnson and West Haradin at 801.617.1700 or by email at crystal.johnson@crcnationwide.com and west.haradin@crcnationwide.com. Crystal and West are licensed real estate agents in the state of Utah and are affiliated with cRc Nationwide Real Estate Brokerage


Financials

Brookfield Property Partners, BPY (NASDAQ)

Absolute NNN Land Lease

Tenant: BPY (NASDAQ)

bpy.brookfield.com

Commencement: April 1, 1972

Next Rent Increase: April, 2024

Option Periods: (3) 10 Year Options

End Option Periods: 2064

Increases: 25% Every 10 Years

Current Cap Rate: 5.62%

Absolute NNN Lease

Net Operating Income: $140,500.00

Major Price Reduction! : $2,500,000.00



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