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
American Fork Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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