Press Release brought to you by Newmark Grubb ACRES

$12.4 Million Retail Sale in Midvale

06/07/2018

June, 2018 – Midvale, Utah. Mountain West Commercials Chad Moore, Scott Brady and Garrett Blomquist are pleased to announce the successful negotiation and sale of a 5 building multi-tenant portfolio located at 7200 South & 700 West Midvale, Utah to JMK Limited Partnership for an impressive $12,415,000.00.


The expansive 5 buildings encompass 27,102 square foot with big name chain restaurants such as Freddy’s Steakburgers, Sodalicious, TWC, Tom + Chee, Poke to Me, CupBop, Dunkin’ Donuts, The Junction, SportClips, Pho Cali and Jimmy John’s with space for continual growth and retail additions. The property is also located across the street from anchors Winco Foods and Topgolf Utah, ensuring tenants of View 72 a steady stream of consumers and profit. The buyer, JMK Limited Partnership, is a full service real estate brokerage based in Santa Clara, CA with over 30 years of real estate experience. Mountain West Commercial has continued its dominant run into the investment sale of retail product, closing approximately $250 million YTD , with another $200 million going to market in Q2 and some $100 Million currently under contract.

Source

Newmark Grubb ACRES

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