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5446 Shea DrSalt Lake City, UT 84104
5446 Shea Dr
Asset ClassIndustrial
Deal Size$6.46 M
Absolute NNN Leased Single-Tenant Industrial Asset | 14 Years Firm Term Remaining | Purpose Built for the Tenant in 2012
Overview
Marcus & Millichap is pleased to present the opportunity to acquire a two-building, single-tenant industrial asset totaling approximately 28,760 square feet, located at 5446 Shea Drive in Salt Lake City, Utah (the “Property”). The Property is fully leased to National Filter Media (“Tenant”) under an absolute NNN lease structure with approximately 14 years of firm term remaining, 3% annual rent increases, and four five-year renewal options, providing investors with long-term, predictable income and minimal management responsibility.
Investment Highlights
Long Term Absolute NNN Lease
- National Filter Media has occupied the Property since its development in 2012 and executed an 18-year sale leaseback extending through August 2040, demonstrating a long term operational and strategic commitment to the facility
- The lease is structured as Absolute NNN, eliminating landlord expense obligations and minimizing ongoing ownership responsibilities
- Annual rent escalations of 3.00% provide built in income growth
Modernized, High-Quality Building
- Two buildings totaling ±28,760 SF, ±14,760 SF West building and a ±14,000 SF East building
- Warehouse with 27’7” West building height and 22’ East building on an oversized ±1.62-acre site
- Steel construction with West building developed in 2012 and the East building developed in 2014
Premier Infill Location
- Strategically positioned within Salt Lake City’s established industrial infill corridor, one of the region’s most supply constrained submarkets
- Immediate access to Interstate 80, providing efficient regional and intermountain distribution connectivity
- Approximately three miles from Salt Lake City International Airport, supporting national logistics and customer access
Photo Gallery
5446 Shea DrSalt Lake City, UT 84104
Sales Team
Quinn CallahanIndustrial Investment Sales Broker
License #: UT: 14197294-SA00
(801) 736-2625quinn.callahan@marcusmillichap.comListing provided by LightBox Revere