Westcore Properties Acquires Industrial Portfolio From Hyde Development And Mortenson Properties For $48.2M
6075 West Sr 201 North Frontage Road & 2234 5900 West
$48,200,000
$36/SF
Building Size
663,416 SF
Asset Type
Industrial
Closing
Sep 25, 2025
AI
The sale involves an industrial portfolio consisting of two properties located at 6075 West Sr 201 North Frontage Road and 2234 5900 West in West Valley City, UT. The transaction was executed for a total sale price of $48,200,000, equating to approximately $73 per square foot for a combined square footage of 663,416. This sizeable industrial asset caters to the market demands in the Denver and Salt Lake City metropolitan areas.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $48,200,000
- Sale Date: 09/25/2025
- Buyer: Westcore Properties
- Seller: Hyde Development & Mortenson Properties
- Square Footage: 663,416
- Price Per Square Foot: $73
The transaction represents a partnership between Hyde Development and Mortenson Properties, acquiring the properties from Westcore Properties. The collaboration reflects strategic movements within the industrial real estate sector as both buyer and seller engage in significant market activity.
Players
Salt Lake City 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93