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Northridge Industrial 457 N Old Highway 91 131,606 SF 100% Leased Industrial Building Hurricane, UT 84737 $20,000,000 ($151.97/SF) 6.08% Cap Rate
Investment Highlights
- 6.08% cap with significant upside
- Rare I-15 frontage investment property
- 95%+ occupancy
- Well below cost of replacement
- Multi-tenant industrial flex
- Under market leases and current owner occupied spaces provide for significant upside
Executive Summary
RARE I-15 freeway frontage leased multi-tenant industrial flex property for sale. This property has never been offered for sale before in the market. High occupancy property with significant upside on below-market rents. This is an exceptional investment opportunity in one of the fastest-growing metros in the country. Attractive masonry construction, smaller tenant spaces, 3-phase power, ample clear height, sprinkled spaces, and a shared common dock only add to the desirability of this property.
Property Facts
| Price | $20,000,000 | Lot Size | 9.03 AC |
| Price Per SF | $151.97 | Rentable Building Area | 131,606 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 6.08% | Year Built | 2007 |
| Property Type | Industrial | Clear Ceiling Height | 20’ |
| Building Class | B | ||
| Zoning | Industrial | ||
| Price | $20,000,000 |
| Price Per SF | $151.97 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.08% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 9.03 AC |
| Rentable Building Area | 131,606 SF |
| No. Stories | 2 |
| Year Built | 2007 |
| Clear Ceiling Height | 20’ |
| Zoning | Industrial |
Property Taxes
| Parcel Number | 0880157 | Improvements Assessment | $4,950,200 |
| Land Assessment | $1,645,100 | Total Assessment | $6,595,300 |
Property Taxes
Parcel Number
0880157
Land Assessment
$1,645,100
Improvements Assessment
$4,950,200
Total Assessment
$6,595,300
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Northridge Industrial | 457 N Old Highway 91
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