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398 E 1100 S, American Fork...

Cushman & Wakefield Brokers Sell Industrial Property In American Fork For $187.7M
SOLDIndustrial

Cushman & Wakefield Brokers Sell Industrial Property In American Fork For $187.7M

398 E 1100 S, American Fork, Utah 84003, United States

$187,700,000

$540/SF

Building Size

347,290 SF

Asset Type

Industrial

Closing

Jun 12, 2022

AI

The industrial property located at 398 E 1100 S St in American Fork, UT has been sold. The property spans a total area of 347,290 square feet and was sold for a price of $187,700,000, resulting in a price per square foot of $5,407.

Summary of transaction details:

  • Property Type: Industrial
  • Sale Price: $187,700,000
  • Square Feet: 347,290
  • Price Per Square Foot: $5,407
  • Address: 398 E 1100 S St, American Fork, UT
  • Market: American Fork, UT

Cushman & Wakefield represented both the seller, Gardner Batt, and the buyer in this transaction. The brokers involved in the deal include Jeff Chiate, Mike Adey, Brad Brandenburg, Matthew Leupold, Tom Freeman, and Travis Healey.

Players

Mike Adey

Cushman & Wakefield

Broker

$1.3B

vol

18 deals

Broker

American Fork Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93