874 Ut-73Fairfield, UT 84013

Property Details for 874 Ut-73

Year built

2022

Lot size

5.30 AC

Property size (Sq ft)

61,080 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional investment opportunity presents a 61,080 square foot industrial portfolio comprising nine single-story buildings situated on a 5.299-acre lot in Fairfield, Utah. Located on busy Highway 73, this strategically positioned property boasts a Commercial Overlay zoning designation. The buildings, constructed between 2022 and 2024, offer a mix of distribution, flex, and warehouse space, each featuring 17-foot ceilings, three 14' x 14' overhead doors, and two man doors. Each building includes one complete restroom. The asking price for the completed nine-building complex is $8,500,000, representing a price per square foot of $139.16. A reduced price of $7,500,000 is available for the property in its current state, with buildings D and F incomplete. The property is offered as a triple net (NNN) lease, with current annual lease rates for new buildings at $10.20 per square foot and monthly NNN fees of $1,000 per building. Tenants are responsible for HVAC, space heaters, office improvements, and demising walls. Some fenced yard space is available within the business park. This property is ideal for investors seeking a high-return, multi-tenant industrial asset in a rapidly growing area. The APN is 59:061:0077.

Location Insight

City

Fairfield

County

Utah

State

Utah

Latitude

40.2758

Longitude

-112.093

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