For Sale
$20,000,000

393 Monterey StSalt Lake City, UT 84104

12,472 SF Manufacturing Facility, Sale/Leaseback

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 12.51-acre Salt Lake City industrial property offers a 12,472 square foot manufacturing facility, perfect for a sale/leaseback opportunity. The property includes three buildings, spanning two stories, and boasts a Class C rating. Built in 2018 (with renovations completed that year), the property features four loading docks and four dock-high doors, along with ample parking for 20 vehicles. The current tenant occupies 100% of the space under a single-tenant lease commencing August 24, 2024, and expiring October 31, 2026, leaving a remaining lease term of approximately 1.9 years. The property is zoned M1 and includes a crane shop, truck shop, and office space. Its strategic location near I-80 and the inland port provides excellent access to major transportation routes. The asking price is $20,000,000, translating to $1,603.59 per square foot. Additional features include a fueling station and a private rail spur. This is a rare opportunity to acquire a well-located, fully occupied industrial property with significant long-term potential.

Highlights

  • $20,000,000 asking price for this 12,472 SF industrial property.
  • Sale-leaseback opportunity with a 1.9-year remaining lease term (commencing August 24, 2024, and expiring October 31, 2026).
  • 100% occupancy with a tenant in place.
  • Located on a 12.51-acre lot in Salt Lake City, UT, zoned M1.
  • Features three buildings, totaling 12,472 square feet, with two stories, four loading docks, and four dock-high doors.
  • Includes 20 parking spaces.

Property Details for 393 Monterey St

Property type
Industrial properties, Manufacturing properties
Square Feet
12,472 SF
Class
C
Year Renovated
2018
Buildings
3
Stories
2
Lot Size (sq. ft)
544,936 SF

Location Insight

City
Salt Lake City
County
Salt Lake
State
Utah
Latitude
40.760822
Longitude
-111.9564069
393 Monterey St, Salt Lake City, Utah

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
393 Monterey St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message