Overview
Newmark Mountain West is pleased to present the opportunity to acquire Metro Annex Buildings 1152 W (Building 7), 1182 W (Building 8), 1193 W (Building 9), and 1105 W (Building 12) (the “Project”, “Property”, “Projects”, or “Properties”), a four-building industrial flex campus totaling approximately 89,229 square feet, located in Salt Lake City, UT.
The asset is 100% occupied and leased to a roster of national, regional, and local tenants supporting professional services, technology-oriented users, and light industrial/flex service functions. The buildings offer a strong operating platform with functional clear heights, ESFR sprinkler coverage, energy-efficient LED lighting, and robust three-phase power, delivering modern utility and a highly competitive occupancy-cost profile relative to newer, higher-priced new-construction alternatives.
Investment Highlights
STABILIZED MULTI-BUILDING CAMPUS
- 100% occupied four-building campus provides immediate, stabilized cash flow.
- Credit anchor: Raytheon Applied Signal Tech delivers institutional-quality tenancy within a diversified rent roll.
- Small-bay, functional layouts with grade-level doors / rear loading support a broad tenant base.
NORTHWEST QUADRANT INFILL
- Positioned in the SLC industrial corridor with fast connectivity to I-15 and Bangerter Highway, supporting both local service routes and regional distribution.
- Documented capital improvements (including re-roofs, RTU replacements, and façade upgrades) reduce near-term ownership risk and improve leasing appeal.
- Healthy vacancy levels and sustained absorption, supporting leasing leverage.
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