393 Monterey StSalt Lake City, UT 84104

Property Details for 393 Monterey St

Lot size

12.51 AC

Property size (Sq ft)

12,472 SF

Property type

Industrial properties

Property subtype

Other industrial properties

Description

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.

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7608

Longitude

-111.956

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