Cushman & Wakefield’s National Industrial Advisory Group, as the exclusive advisor, is proud to offer the opportunity to acquire the 100% fee-simple interest in the Salt Lake City Industrial Portfolio (the “Portfolio”).

The Portfolio features a collection of three (3) high-quality, fully leased industrial buildings strategically positioned across two of Salt Lake City’s most dynamic and highly sought after industrial markets, including (based on % of Stabilized NOI): Draper, UT (58%) and West Jordan, UT (42%).

Spanning 431,918 RSF, the Portfolio comprises one (1) single-tenant and two (2) multi-tenant buildings. The Portfolio boasts 100% occupancy with a weighted average lease term (WALT) of 6.1 years.

The staggered lease expirations create an attractive opportunity for investors to capitalize on rental increases over time and steadily grow net operating income. Current in-place rents boast a 12.8% mark-to-market offering additional value creation as leases roll and rents are adjusted to market rates.

Building sizes range from 88,400 to 253,825 RSF, with an average construction year of 2022. The properties feature modern industrial specifications, including ESFR fire sprinkler systems, average clear heights of 30’, expansive truck courts, concrete tilt-up construction, and abundant parking to meet tenant demand.

The Salt Lake City Industrial Portfolio will be delivered free and clear of existing financing and offers a rare opportunity to acquire an institutional-quality collection of assets in some of the nation’s most supply-constrained logistics hubs.

This Portfolio is part of the Western U.S. Industrial Portfolio. For Portfolio level information, please reach out to Will Strong, Jeff Chiate, and Jud Clements.