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New Vista Building 1 3715 S Tracy Hall Pky 177,193 SF 100% Leased 4-Star Industrial Building Provo, UT 84606 For Sale
Investment Highlights
- Best in class physical characteristics
- Strategic logistics and manufacturing location
- Durable long-term cash flor
- Robust market fundamentals
Executive Summary
Completed in 2021, New Vista 1 showcases best-in-class physical specifications, including 6,000 amps/480 volts of abundant power, 314 parking stalls, 31-foot clear heights, a fully climate-controlled warehouse, and fully equipped dock packages. Designed with flexibility in mind, the building features eight glass storefronts and a rear-load configuration, allowing for future demising to meet evolving tenant needs.
The property is proximate to critical transportation infrastructure, including I-15 (2.3 mi/5 min) and Hwy 89 (0.6 mi/2 min), which connects to I-70. Significant corporate occupiers in the immediate submarket, such as Nestle, ADT, and Pepsi, validate this strategic location at the nexus of regional distribution networks and deep-skilled labor pools.
Situated within the Provo-Orem MSA, New Vista 1 taps into a thriving economic ecosystem that is home to more than 75,000 students and a deep skilled labor pool. This region serves as a cornerstone of the greater Wasatch Front manufacturing market, encompassing over 2,600 manufacturing companies, generating $29 billion in annual sales, and shipping 75 million pounds of product annually - all within a 60 - minute drive of the Property.
The property is proximate to critical transportation infrastructure, including I-15 (2.3 mi/5 min) and Hwy 89 (0.6 mi/2 min), which connects to I-70. Significant corporate occupiers in the immediate submarket, such as Nestle, ADT, and Pepsi, validate this strategic location at the nexus of regional distribution networks and deep-skilled labor pools.
Situated within the Provo-Orem MSA, New Vista 1 taps into a thriving economic ecosystem that is home to more than 75,000 students and a deep skilled labor pool. This region serves as a cornerstone of the greater Wasatch Front manufacturing market, encompassing over 2,600 manufacturing companies, generating $29 billion in annual sales, and shipping 75 million pounds of product annually - all within a 60 - minute drive of the Property.
Property Facts Under Contract
| Sale Type | Investment | Year Built | 2021 |
| Property Type | Industrial | Parking Ratio | 1.77/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 31’7” |
| Building Class | A | No. Dock-High Doors/Loading | 8 |
| Lot Size | 9.83 AC | No. Drive In / Grade-Level Doors | 10 |
| Rentable Building Area | 177,193 SF | Opportunity Zone |
Yes
|
| No. Stories | 1 | ||
| Zoning | M1 - M1 Light Industrial | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | A |
| Lot Size | 9.83 AC |
| Rentable Building Area | 177,193 SF |
| No. Stories | 1 |
| Year Built | 2021 |
| Parking Ratio | 1.77/1,000 SF |
| Clear Ceiling Height | 31’7” |
| No. Dock-High Doors/Loading | 8 |
| No. Drive In / Grade-Level Doors | 10 |
| Opportunity Zone |
Yes |
| Zoning | M1 - M1 Light Industrial |
Amenities
- Floor Drains
- Car Charging Station
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Accommodation and Food Services
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Accommodation and Food Services | - | - | Lorem Ipsum | Jan 0000 |
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Property Taxes
| Parcel Number | 47-358-0001 | Improvements Assessment | $19,221,200 |
| Land Assessment | $2,376,700 | Total Assessment | $21,597,900 |
Property Taxes
Parcel Number
47-358-0001
Land Assessment
$2,376,700
Improvements Assessment
$19,221,200
Total Assessment
$21,597,900
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New Vista Building 1 | 3715 S Tracy Hall Pky
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