Fashion Place Ground Lease Investment Opportunity - 6161 S State St, Salt Lake City, UT 84107 - OfficeSpace.com

Utah > Salt Lake City

Fashion Place Ground Lease Investment Opportunity - 6161 S State St, Salt Lake City, UT 84107

Fashion Place Ground Lease Investment Opportunity: 6161 S State St, Salt Lake City, UT 84107

Fashion Place Ground Lease Investment Opportunity: 6161 S State St, Salt Lake City, UT 84107

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For Sale

Land

For Sale

This property is available for sale

1.67

Acres

Negotiable

Sale Price

Overview
- 1.67 acre site
- High exposure site
- Fashion Place Mall Out-parcel
- Long term NNN ground lease - 38 years remaining
- $85,896.38 annual lease payment - 15% increase every 10 years
- Absolute Net Terms - No ownership expense
- Below market rental rate
- Does not include the improved building
- Across from Nordstroms

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Property Details

1.67 acre site

High exposure site

Fashion Place Mall Out-parcel

Long term NNN ground lease - 38 years remaining

$85,896.38 annual lease payment - 15% increase every 10 years

Absolute Net Terms - No ownership expense

Below market rental rate

Does not include the improved building

Across from Nordstroms

Property Type
Land
Submarket
Greater Salt Lake City
Total Acres
1.67
Last updated
Dec 25, 2023
Property ID
2201573

Location

Location of Fashion Place Ground Lease Investment Opportunity: 6161 S State St, Salt Lake City, UT 84107

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