Overview
Marcus & Millichap is pleased to present the opportunity to acquire a ±36,834-square-foot single-tenant industrial asset located at 3020 S West Temple in South Salt Lake City, Utah (the “Property”). The Property is 100% leased to Intermountain Home Services, LLC d/b/a SameDay Heating & Air, Plumbing, and Electrical (“SameDay”) on a NNN lease structure with approximately five years of firm term remaining after a recent lease extension. The lease features 3.5% annual rental increases, providing investors with a strong hedge against inflation, and limited landlord responsibilities.
Investment Highlights
MISSION-CRITICAL OPERATIONS HUB
- The Property functions as SameDay Heating & Air, Plumbing, and Electrical’s central headquarters and primary operations facility for the Greater Salt Lake City market
- Following consolidation of multiple facilities into the Property in 2021, the Asset now serves as the unified operational hub for the business
HIGH-CALIBER, PRIVATE EQUITY-BACKED TENANT
- SameDay is one of Northern Utah’s leading residential home services providers offering HVAC, plumbing, and electrical solutions across the Wasatch Front
- SameDay is backed by Bestige Holdings, a private investment platform focused on scaling leading residential home services operators through acquisition and consolidation strategies
LONG-TERM NNN LEASE WITH CONTRACTUAL RENT GROWTH
- The Property is 100% leased to Intermountain Home Services, LLC d/b/a SameDay Heating & Air, Plumbing, and Electrical through December 2031 on a NNN basis
- Single-tenant industrial facility leased to Intermountain Home Services, which operates multiple complementary business lines from the property under a single master lease
HIGHLY FUNCTIONAL INDUSTRIAL SERVICE FACILITY
- The ±36,834-square-foot facility supports a fully integrated combination of office, warehouse, fleet, and service operations
- Features include 24’ clear height, five drive-in doors, and two dock-high doors
Photo Gallery
The Bauman Moffitt Team
