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29108121
29108129

855 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
$3,825,000
149 days on market
Updated 93 days ago

855 MCCORMICK

Details
APN 10-066-0078
Property Type Industrial
Sub Type Manufacturing
Square Footage 18,800
Cap Rate 6.48%
NOI $247,952
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 2000
Buildings 1
Acreage 1.500
Zoning m2
Parking Spaces 25 spaces
Parking Per SqFt 1.33
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2026
Occupancy Date 06/01/2005
Dock High Doors 1

Industrial | 6.48% CAP | 18,800 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 851 N. McCormick Way. Built in 2000, this steel distribution warehouse and office building features over 4100 SF of office and approximately 14,700 SF 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.

Investment highlights

400 A 208 V 3 Phase 4 Wire power.

Dock High Door (1) 14' by 10'

Ground Level Doors (2) 10' 8'

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
$--
$--
Annual Cash Flow
$247,952.00
$20,662.67/mo

Valuation Metrics

0
DSCR
6.48%
Cap Rate
6.48%
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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