Redwood Industrial Park
Redwood Industrial Park | 53,900 SF on 4.55 acres | 7,000 SF - 36,780 SF Available
Marketing description
CBRE Investment Properties presents the opportunity to acquire Redwood Industrial Park, a 53,900 SF industrial complex on 4.55 acres of land with up to 36,780 SF of immediate availability and 3.0 years of weighted average lease term. At 52% leased, Redwood Industrial Park provides a rare opportunity for an occupier looking for a central location in Salt Lake City with paved and fenced outdoor storage yard with supplemental income or for an investor to re-lease the space to a new tenant with guaranteed in-place cash flow. The buildings are also separately parceled, allowing individual investor or user acquisitions.
Redwood Industrial Park is strategically located along Redwood Road (25,000 VPD) and is less than 3 miles from downtown Salt Lake City, I-15, I-80, Salt Lake City International Airport, and the Union Pacific Intermodal Hub. The Property is ideal for tenants looking for functional industrial space near Downtown Salt Lake City and requiring dock high and grade level loading with dedicated outdoor storage yard. Additionally, the Property is located within Salt Lake City’s California Avenue submarket, Utah’s most active industrial corridor with 1.29M SF of leasing volume in 2025. The Property also falls within an Opportunity Zone, providing enhanced redevelopment upside, capital gain deferral, and appreciation exemptions for capital improvements for occupiers.
Investment highlights
Portfolio Sale Metrics
- 53,900 SF on 4.55 Acres
- 52% Leased with 3.0 Years of WALT
- 36,780 SF with +/- 1.40 AC of Fenced Yard Immediately Available
- Price: $12,500,000
- Return on Cost: 8%
Individual Asset Sale Metrics
Building A
- 27,900 SF on 2.339 Acres
- 26,000 SF Available (20,000 SF Warehouse + 6,000 SF Office)
- Clear Height: 16'
- Drive-In Doors: 4
- Dock-High Doors: 2
- Box-High Doors: 5
- Power: 3-Phase, 2,000 amps, 480/227 V
- Price: $6,975,000
Building B
- 15,220 SF Warehouse on 1.569 Acres
- 100% Leased to X3 Ventures
- LED: 10/31/2029
- Annual Rent: $237,432 NNN
- Annual Escalation: 4.0%
- Price: $3,957,200
- Cap Rate: 6.0%
Building C
- 7,000 SF Warehouse on 0.358 Acres
- Clear Height: 25'
- Drive-In Doors: 3
- 100% Leased to EasiRent (Tenant willing to vacate at close or remain in place through term)
- LED: 10/31/2028
- Annual Rent: $113,928
- Annual Escalation: 3.7%
- Price: $1,750,000
- Cap Rate: 6.5%
Building D
- 3,780 SF Office on 0.287 Acres
- 100% Leased to EasiRent (Tenant willing to vacate at close or remain in place through term)
- LED: 10/31/2028
- Annual Rent: $73,656
- Annual Escalation: 4.0%
- Price: $945,000
- Cap Rate: 7.8%
Offers will be considered for the full Property, on individual buildings, or a combination of buildings.
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