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851 N McCormick Way 21,660 SF 100% Leased Industrial Building Layton, UT 84041 $5,250,000 ($242.38/SF) 6.32% Cap Rate



INVESTMENT HIGHLIGHTS
- NNN Lease
EXECUTIVE SUMMARY
Great investment opportunity! Currently leased by a nutraceutical and supplement manufacturer, this building supports specialized production uses with upgraded power, warehouse, ample dock and grade-level loading. Best if purchased with adjacent 855 N. McCormick Way. Built in 1999, this well-built distribution warehouse and office building consists of non-combustible exterior walls (block). It features over 9002 SF of office and approximately 25,155 SF (including 4,501 SF mezzanine) of warehouse/manufacturing space. This building's layout is set up for numerous industrial uses including pharmaceutical and supplement type manufacturing, storing and primed for shipping logistics. The building is fully climate controlled with both heating and cooling systems and features industrial-grade lighting, ventilation, and exhaust systems, as well as a comprehensive fire-sprinkler set up for safety and compliance. The exterior is professionally improved with paved parking.
PROPERTY FACTS
| Price | $5,250,000 | Lot Size | 3.00 AC |
| Price Per SF | $242.38 | Rentable Building Area | 21,660 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 6.32% | Year Built | 1999 |
| Property Type | Industrial | Parking Ratio | 4.21/1,000 SF |
| Property Subtype | Distribution | No. Dock-High Doors/Loading | 4 |
| Building Class | C | No. Drive In / Grade-Level Doors | 5 |
| Zoning | M | ||
| Price | $5,250,000 |
| Price Per SF | $242.38 |
| Sale Type | Investment NNN |
| Cap Rate | 6.32% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 3.00 AC |
| Rentable Building Area | 21,660 SF |
| No. Stories | 1 |
| Year Built | 1999 |
| Parking Ratio | 4.21/1,000 SF |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | M |
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PROPERTY TAXES
| Parcel Number | 10-066-0079 | Improvements Assessment | $1,409,695 |
| Land Assessment | $510,305 | Total Assessment | $1,920,000 |
PROPERTY TAXES
Parcel Number
10-066-0079
Land Assessment
$510,305
Improvements Assessment
$1,409,695
Total Assessment
$1,920,000
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851 N McCormick Way
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