Sanctuary at Lehi — Sale in Lehi, UT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Lehi, UT 84043

Description

Class A Retail For Lease | ±12955 RSF | Lehi, UT Sanctuary offers a variety of penthouse, studio, one-, and two-bedroom luxury apartment homes with easy access to top employers, shopping, dining, and entertainment options. Residents will enjoy a world-class rooftop with a pool, spa, sauna, sports lounge, and fitness center. The community will also feature a library lounge and bar, pickleball and basketball courts, a dog park, and commercial space for grocers and restaurants.

Market Context

This retail in Lehi, UT is listed for sale. It has been on the market for 197 days. Compare it against other retail listings for sale in Lehi, UT — view the full market.

As of Q1 2026, the Salt Lake City retail market showed a 3.4% vacancy rate, average asking rents near $27.00/SF/yr, and rents up 24.2% year over year. Source: Cushman & Wakefield Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Salt Lake City retail market tightening or softening?
Vacancy is around 3.4%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$120.22/SF – $162.66/SF

Mid: $141.44/SF

Rate estimator only; cost-of-business estimate unavailable.

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