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758 West 1500 North

Blake Rodgers & Pasha Johnson Of Steel Peak Acquire Industrial Property In Salt Lake City For $3.1M
SOLDIndustrial

Blake Rodgers & Pasha Johnson Of Steel Peak Acquire Industrial Property In Salt Lake City For $3.1M

758 West 1500 North

$3,100,000

Building Size

Asset Type

Industrial

Closing

Aug 13, 2025

AI

An industrial outdoor storage property located at 758 West 1500 North in Salt Lake City, UT, has been sold for $3,100,000. The property spans 2.34 acres and includes a 15,218-square-foot building and yard. This transaction represents Steel Peak's second purchase in the Salt Lake City market for 2025 and their eighth overall since the firm's launch in January 2024.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,100,000
  • Buyer: Blake Rodgers & Pasha Johnson - Steel Peak
  • Seller: Wolff Excavating Inc
  • Broker: Tanner Riedel - Colliers

Steel Peak plans to implement upgrades to the acquired property with intentions to lease it to quality tenants, responding to the increased demand for industrial outdoor storage driven by growth in Mountain West construction.

Players

Tanner Riedel

Colliers

Broker

$3.1M

vol

1 deal

Broker
Colliers
ColliersBrokerage
Blake Rodgers

Blake Rodgers

Steel Peak

Buyer

$40.4M

vol

6 deals

Buyer
Steel Peak
Steel Peak Buyer

Salt Lake City 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

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93