Cushman & Wakefield’s National Industrial Advisory Group is pleased to present an exclusive opportunity to acquire 5 South Commerce Center (referred to as “the Property” or “the Project”), situated at 3175 West 500 South in Salt Lake City, Utah. A standalone, brand-new trophy industrial project totaling 172,847 SF on an 11-acre site, ideally positioned in the premier Northwest submarket of Salt Lake City.
The Property boasts state-of-the-art features that align perfectly with tenant demand in the area, including excellent loading facilities, multiple points of ingress/egress, functional column spacing, ample parking, concrete truck aprons, substantial power supply, and a 1.84-acre secure storage yard on-site. Furthermore, the Project is close to the Mountain View Corridor, 201 Freeway, I-80 and I-15, offering outstanding connectivity to the surrounding Salt Lake City Metro area.
5 South Commerce Center is fully leased to Commonwealth Handling Equipment Pool USA (“CHEP USA”) for a term of 10 years. CHEP USA is a renowned global leader in sustainable goods transportation, optimizing over 300,000 supply chains worldwide. It operates as a subsidiary of Brambles (NYSE: BXBLY), a global leader in pallet and container pooling services, catering to customers across the industrial and retail supply chain sectors.
The Property is one of two industrial properties being concurrently sold by the owner. 3255 West 500 South is located directly adjacent to this Property. For information on the adjacent listing please reach out to the listing team.