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Stos Partners Acquires 279233 Square Foot Industrial Complex In South Salt Lake For $35 Million

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SOLD
$35,000,000

Utah

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Industrial279,233 SF
Sold 07/31/2024
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Property Image
SOLD

Stos Partners Acquires 279233 Square Foot Industrial Complex In South Salt Lake For $35 Million

900 West 2900 South

See Similar Deals
Industrial279,233 SF
Sold 07/31/2024
the dealplayerscompscontact
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Summary

UTAH
Asset Type:Industrial
Price Per Square Foot:$125
Total Square Footage:279,233 SF
Transaction Type:Sale

An industrial asset located at 900 West 2900 South in South Salt Lake, UT, has been sold for $35,000,000. The property encompasses 14.53 acres and features a total area of 279,233 square feet, resulting in a price per square foot of $125.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $35,000,000
  • Address: 900 West 2900 South
  • Market: South Salt Lake, UT
  • Acres: 14.53
  • Square Footage: 279,233
  • Price per Square Foot: $125
  • Buyer: Morgan Hill
  • Seller: Stos Partners

Stos Partners acquired the industrial complex and has plans for immediate re-tenanting and capital improvements. Eli Priest from Newmark will oversee the leasing activities associated with this transaction, focusing on logistics and distribution within the local industrial market.

Players

Alexander Harrold
Matthews
Alexander Harrold
9 deals$93.7M volume
BROKER

Details

SOLD
IMAGE: 07/31/2024 ADDRESS: 900 West 2900 South MARKET: South Salt Lake, UT ASSET TYPE: Industrial ~ ACRES: 14.53 BUYER: Morgan Hill - Stos Partners BROKER: Alexander Harrold - Matthews Real Estate Investment Services SALE PRICE: $35,000,000 SF: 279,233 ~ PPSF: $125 NOTE: Stos Partners acquired a 279,233-square-foot industrial complex in Salt Lake City for $35 million, planning immediate re-tenanting and capital improvements. Newmark's Eli Priest will oversee leasing, while logistics and distribution dominate the local industrial market.

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