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855 MCCORMICK 855 McCormick Way 18,800 SF 100% Leased Industrial Building Layton, UT 84041 $3,950,000 ($210.11/SF) 6.28% Cap Rate
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 851 N. McCormick Way. Built in 2000, this steel distribution warehouse and office building features over 4100 SF of office and approximately 14,700 SF 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 | $3,950,000 | Property Type | Industrial |
| Price Per SF | $210.11 | Rentable Building Area | 18,800 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 6.28% | Year Built | 2000 |
| Price | $3,950,000 |
| Price Per SF | $210.11 |
| Sale Type | Investment NNN |
| Cap Rate | 6.28% |
| Property Type | Industrial |
| Rentable Building Area | 18,800 SF |
| No. Stories | 1 |
| Year Built | 2000 |
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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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855 MCCORMICK | 855 McCormick Way
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