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29108255
29108256

851 McCormick Way, Layton, UT 84041

RC
UT 7546763-SA00
RE/MAX Associates
AB
UT 11800722
RE/MAX Associates
RF
5450670-ABOO
RE/MAX Associates
Listed by RE/MAX Associates
$5,115,000
149 days on market
Updated 93 days ago

851 Mccormick Way

Details
APN 10-066-0079
Property Type Industrial
Sub Type Manufacturing
Square Footage 25,155
Cap Rate 6.49%
NOI $331,767
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 12/31/2030
Remaining Term 4.6
Lease Options 1 Five Year
Price per SqFt $203
Broker Co-Op Yes
Class B
Year Built 1999
Buildings 1
Acreage 1.500
Parking Spaces 52 spaces
Parking Per SqFt 2.07
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2026
Occupancy Date 01/01/2002
Dock High Doors 4

Industrial | 6.49% CAP | 25,155 SqFt

Marketing description

Great investment opportunity! Currently leased by a nutraceutical and supplement manufacturer, this building supports specialized production uses with upgraded power, warehouse, ample dock and grade-level loading. Best if purchased with adjacent 855 N. McCormick Way. Built in 1999, this well-built distribution warehouse and office building consists of non-combustible exterior walls (block). It features over 9002 SF of office and approximately 25,155 SF (including 4,501 SF mezzanine) of warehouse/manufacturing space. This building's layout is set up for numerous industrial uses including pharmaceutical and supplement type manufacturing, storing and primed for shipping logistics. The building is fully climate controlled with both heating and cooling systems and features industrial-grade lighting, ventilation, and exhaust systems, as well as a comprehensive fire-sprinkler set up for safety and compliance. The exterior is professionally improved with paved parking.

Listing Contacts

RC
UT 7546763-SA00
RE/MAX Associates
AB
UT 11800722
RE/MAX Associates
RF
5450670-ABOO
RE/MAX Associates
Listed by RE/MAX Associates

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$331,767.00
$27,647.25/mo

Valuation Metrics

0
DSCR
6.49%
Cap Rate
6.49%
ROI

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Additional Information

Name
Randy Cummins
License
7546763-SA00
Name
Ashlee Bonham
License
11800722
Brokerage Address
6955 Union Park Center
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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