EXECUTIVE SUMMARY

JLL Capital Markets is pleased to offer investors the opportunity to acquire the Sandy Commerce Park (“SCP” or “Property”), a fully stabilized creative office asset in Salt Lake City’s vibrant Silicon Slopes submarket.

Sandy Commerce Park is 100% leased with 3.7 years of WALT, providing tremendous surety of cash flow to the investor while also offering upside via a mark-to-market rent in the medium term, all at a substantial discount to replacement cost.

The combined RBA of 121,197 with 8 tenants staggered roll, provides a perfectly sized opportunity to access one of the country’s best performing and high barrier to entry submarkets. 

Sandy South Towne has consistently maintained the lowest vacancy rates of any major submarket in Salt Lake and has absorbed almost a million square feet of leasing over the last 2 years.

Located at the junction of Salt Lake and Utah counties – Salt Lake’s two major population centers – the asset is at the epicenter of growth in Utah, with 42% of Salt Lake Metro’s population accessible within a 20-minute drive.

Sandy Commerce Park offers investors stabilized income and a best-in-class asset, in one of the nation’s most in-demand and high barrier-to-entry office markets.

INVESTMENT HIGHLIGHTS

• ​​​​​​​100% occupancy to high-growth tenancy
• Bedrock submarket that consistently maintains the highest occupancy rates within Salt Lake
• 2017 year of construction
• ​​​​​​​Credit Tenancy Colonial Life Insurance
• 3.7 years of WALT (*As of 10/1/2023)