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 | |
Updated | August 17th, 2020 |
Type | Land |
Price | $2,500,000 |
Land | 2.85 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