Liberty Inc
Versatile Industrial Warehouse & Office | Est. 6% Cap or Owner-User | 17,359 SF
Marketing description
A rare opportunity to acquire a versatile, well located industrial office/warehouse in the heart of the Salt Lake Valley, an asset that can deliver turnkey triple net income or serve as an owner user headquarters, depending on the buyer.
The building offers two clear paths to value. Acquired with the leaseback in place, the current owner occupant executes a new five year NNN lease with two five year renewal options at closing, transitioning to a long term tenant and delivering contracted income from day one, an estimated 6% cap at $20,000 per month NNN asking rent (negotiable). Acquired vacant, it becomes a ready to occupy owner user opportunity in a submarket where product of this size and configuration is increasingly difficult to replace.
Either path buys flexibility. The two story layout is positioned to divide: four overhead doors, five man doors across the warehouse, a training room with its own interior and exterior entrance, and office space with two entrances, all lending themselves to a single occupant or a multi tenant configuration, within the most versatile industrial designation in the valley, M-1 Light Manufacturing.
The tenant story anchors the income scenario. The current owner has occupied this building for nearly seven years, they know every system, every corner, every operational inch of the space. At closing they execute a new NNN lease and continue on, an operator with every reason to protect what they built. The April 2026 Valbridge appraisal confirms market value at exactly the asking price, and the appraiser's own market rent conclusion supports the asking rent.
Square footage figures are provided as a courtesy estimate only and were obtained from Appraisal. Buyer is advised to obtain an independent measurement. Buyer and Buyer's Agent to verify all information, which has been provided as a courtesy only. All information is deemed reliable but not guaranteed.
Appraisal & financials available upon NDA and proof of funds or lender pre-approval. Do not disturb current occupant. Must accompany all showings, 24 hour notice.
Investment highlights
Two Ways to Acquire: Purchase with the leaseback in place for turnkey NNN income, or delivered vacant as an owner user headquarters. One asset, two paths to value, flexibility that widens the buyer pool.
Estimated 6% Cap Rate (Tenant Occupied): In the leaseback scenario, $20,000 per month NNN asking rent (negotiable) against a $3,980,000 price pencils to an estimated 6% cap on gross rent. Income is contracted from close: no lease up, no TI negotiation, no tenant search.
Long Term Owner Occupant Leaseback: The seller has operated the building for nearly seven years and executes a new five year NNN lease with two five year options at closing, an operator with every incentive to maintain the asset as their own, because it was.
Independently Appraised at Asking Price: The April 2026 Valbridge appraisal, completed for bank underwriting, confirms market value at exactly $3,980,000. The appraiser's own market rent conclusion supports the asking rent, making the income assumptions conservative rather than aggressive.
Built to Divide, Configured to Flex: Four overhead doors, five warehouse man doors, a training room with separate interior and exterior entrances, and office space with two entrances position the two story building for a single occupant, an owner user, or multiple tenants.
Scarce Small Bay Industrial: The 10,000 to 20,000 SF tier posts the tightest vacancy of any segment in the Salt Lake County industrial market, and product at this size and configuration is not being replaced by new construction.
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