SOLD: 35,561 Square Foot Industrial Building
Newmark Grubb ACRES is pleased to announce the sale of a 35,561 square foot industrial building located at 1018 W Center Street in North Salt Lake, Utah.
Newmark Grubb ACRES brokered both sides of the sale with Senior Vice President Jeff Heaton, CCIM, SIOR, and Senior Sales Associate Robert Henry representing the seller, Wasatch Integrated Waste Management District. The buyer, Hunt Center Street LLC., was represented by Executive Vice President Steve Condie, CCIM, SIOR.
Regarding the transaction, Mr. Heaton commented, “This significant investment deal was a bit out of the ordinary in that it was originally purchased in 2009 with plans to convert it into a waste station for Davis County. When plans were denied for this location during rezoning, the owner turned to our team to sell the property. We worked with the current tenant to get them into a long term lease, which subsequently allowed us to get the building and land sold.”