4897 Lake Park Blvd, West Valley City, UT 84120

CBRE Investment Properties, as exclusive advisor, is pleased to offer investors the opportunity to acquire the fee simple interest in Parkway Center (the “Property”), a 24.2-acre industrial covered land investment in the Northwest Quadrant of Salt Lake City.

Consisting of 24.2 acres of industrial land within the Northwest Quadrant, Parkway Center offers a rare infill industrial development site of scale.

Currently improved with 246,996 rentable square feet of office across three 2-story buildings, the Property provides $11.46m of assured cashflow over four years and is 86.5% leased to four tenants with 3.0 years of WALT. With two single-tenant assets anchored by Verizon (NYSE: VZ, BBB+) and PillPack, a pharmaceutical subsidiary of Amazon (NYSE: AMZN, AA), Parkway Center provides a secure covered land investment for future industrial development, with 83% of the rent roll occupied by investment grade tenancy.

Located in the Northwest Quadrant of Salt Lake City, Utah’s premier industrial submarket and one of the top-performing industrial submarkets in the Western US, Parkway Center offers a rare development site of scale with in-place industrial zoning and strong cashflow in one of the highest barrier-to-entry markets in the country.

Full OM Access: https://www.cbredealflow.com/buyer/agreement?pv=CU21mhJHG2hj22sro4E6SVFHaiBYeyXS--3FP44GW_9PZnfbz0JpbCHj5cwNTUTn