Listed by NAI Excel, NAI Excel - Lehi
$17,995,000
Industrial Multi-Tenant Investment
Details
Property Type Industrial
Sub Type Warehouse, Flex
Square Footage 69,212
Net Rentable (SqFt) 69,212
Cap Rate 5.37%
NOI $966,445
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $260
Year Built 2024
Acreage 4.860
Zoning I-1
Ground Lease No
Ceiling Height 21
Two Multi-Tenant Buildings | 100% Leased
Marketing description
198–258 W 3450 N in Spanish Fork represents a rare opportunity to acquire a new construction, small-bay, multi-tenant light industrial / flex asset located within one of Utah County’s fastest-growing submarkets. The property is well positioned to capture sustained demand from local and regional users seeking functional, efficient space in a supply-constrained market.
Investment highlights
Two Multi-tenant Buildings
New Construction (2024)
Nine (9) (National & Local) Tenants
24% Credit Tenants
3.34 year WALT with a Diversified Expiration Schedule
NNN Leases with Annual Increases
100% Leased
5.37% Cap Rate
Fast Growing Submarket
Listing Contacts
Listed by NAI Excel, NAI Excel - Lehi
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$966,445.00
$80,537.08/mo
Valuation Metrics
0
DSCR
5.37%
Cap Rate
5.37%
ROI
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