Gateway Industrial Complex
Industrial | 6.53% CAP | 355,951 SqFt
Marketing description
Originally developed as the former WordPerfect corporate campus, this institutional-scale industrial park occupies one of Utah County's most prominent legacy tech sites. Purpose-built to support large operations, flexible occupancy, and high employee density, the campus continues to function as a highly adaptable hub for industrial, distribution, and hybrid office users.
Located on 1600 North with direct access to I-15, the property benefits from exceptional regional connectivity and proximity to a deep labor pool of more than 65,000 students attending BYU and UVU. The Vivint campus features a mix of high-bay and low-bay warehouse and office space designed to support irregular shipping volumes, fulfillment, and direct-sales operations common throughout Utah County.
Investment highlights
- Assumable 5.80% Fixed-Rate Debt - Below-market, non-recourse financing.
- Dock-High & Grade-Level Doors - Efficient inbound and outbound flow. Built for fulfillment and distribution.
- High-Bay & Low-Bay Layout - Flexible space for storage and processing.
- Heated & Climate-Controlled Areas - Supports dead storage and conditioned uses.
- 15-25% Below-Market Rents - $0.88-$1.30 PSF NNN in-place rents.
- 42,057 SF of Vacancy - Immediate lease-up opportunity.
- Four Retail Pads Entitled - Develop, sell, or ground lease.
- 1600 North Frontage / I-15 Access - Excellent visibility and connectivity.
- High-Growth Provo-Orem MSA - Strong population and industrial demand.
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