5346 S Riley Ln | CFO 5/20 | I-15 Corridor | IOS Opportunity
Vacant + Value Add | Industrial Outdoor Storage | Immediate I-15 Access | CFO 5/20
Marketing description
Marcus & Millichap is pleased to offer for sale 5346 S. Riley Lane, a ±4,324 square foot industrial service facility with significant outdoor storage capability, strategically located in the heart of the Salt Lake Valley.
The Property benefits from immediate access to Interstate 15 about 0.5 miles from the Asset, one of the region's primary north-south transportation corridors, and is located just ±1.25 miles from the I-15 / I-215 interchange, providing exceptional regional connectivity. Downtown Salt Lake City is less than 8 miles north, and Salt Lake City International Airport is approximately 10 miles away.
Situated within a well-established industrial corridor, the Property is surrounded by a dense concentration of industrial, service, and logistics users. The infill nature of the submarket is characterized by limited availability of comparable small-bay industrial and outdoor storage product, supporting strong long-term functional demand and occupancy stability.
Investment highlights
- Three drive-in bays and perimeter building placement maximize operational efficiency and enhance yard usability
- The Property's layout supports a wide range of service, contractor, and light industrial users, enhancing long-term leasing flexibility
- Low-coverage infill sites with meaningful outdoor storage capacity remain highly limited across the Salt Lake Valley
- Positioned within one of the fastest-growing industrial markets in the Intermountain West, supported by sustained demand for logistics and service space
- Centrally located in the Salt Lake Valley on the east side of I 15, a higher barrier, higher value corridor with limited comparable industrial supply
- Located ±0.5 miles from Interstate 15, the region's primary north-south arterial, ensures strong regional distribution and service efficiency
- The Building is located within the physical boundaries of Murray City, but has a Salt Lake City mailing address. The benefit of being a part of Murray City is the future owner will experience lower property taxes and utility costs than if it were in the physical boundaries of Salt Lake City
- Located within minutes of downtown Salt Lake City and Salt Lake City International Airport, enabling efficient metro-wide and regional reach
- The Salt Lake Valley continues to serve as a critical distribution gateway for Western U.S. population centers
- Utah's strong economic fundamentals and pro-growth regulatory environment continue to attract industrial users and investment capital
- The Salt Lake City metropolitan area continues to experience robust industrial growth driven by population increases, e-commerce expansion, and supply chain optimization trends
- The ongoing expansion of the Utah Inland Port is reinforcing Salt Lake City's position as a premier intermodal and logistics hub, driving long-term demand for industrial assets throughout the region
- The regional economy is supported by logistics, advanced manufacturing, technology, and construction sectors, providing resilience and sustained demand for functional industrial space
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