Building Details

Tenancy Multi

Listing Agency: Pleasant Grove

Listed By: Brandon Goodman · License #9415570-SA00 Show Phone

Source: Colliers

Added: Apr 22 Changed: Sep 26 Last Checked: Oct 5 at 3:05PM

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Investment Insights

Based on property information with market context.

Gateway Industrial Complex is a multi-tenant warehouse campus totaling 355,951 square feet across 22.77 acres in Lindon, Utah. The property combines high-bay and low-bay warehouse areas with integrated office and mezzanine space, creating a flexible configuration for industrial, distribution, and hybrid operations. Loading areas and on-site parking support day-to-day functionality, while the campus includes existing vacancy and near-term lease rollover.

The property fronts 1600 North and provides immediate access to I-15. Its configuration includes tenant diversification and an entitled retail pad development, adding additional components to the overall campus plan. The asset is located at 500 S 500 W, Lindon, UT 84042.

Key Highlights

• 355,951‑square‑foot multi‑tenant warehouse campus
• 22.77‑acre industrial property in Lindon, Utah
• Frontage along 1600 North with immediate access to I‑15

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$3,441,904

Cap Rate

7.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$68,838,080 $68.8M

Cap Rate 7%

$49,170,057 $49.2M

Cap Rate 9%

$38,243,378 $38.2M

Market Conditions

NOI Build-Up for 355,951 SF

Gross rent

$4.27M $12.00/SF

− Vacancy

−$222.1K −$0.62/SF

EGI

$4.05M $11.38/SF

− OpEx

−$607.4K −$1.71/SF

NOI

$3.44M $9.67/SF

Area

Utah County, UT

Vacancy

5.20%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$68,838,080

Cap Rate 7%

$49,170,057

Cap Rate 9%

$38,243,378

Alternative Uses

Best Use

Warehouse

$49.17M

$43.02M – $57.37M (±1% cap)

NOI $3,441,904 @ 7.0% cap · market cap 7.92%

Second Best

Industrial

$40.49M

$35.43M – $47.24M (±1% cap)

NOI $2,834,509 @ 7.0% cap · market cap 6.52%

Theoretical Best

Office A

$98.12M

$85.86M – $114.47M (±1% cap)

NOI $6,868,430 @ 7.0% cap · market cap 15.80%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Agnes & Dora Clothing Supplier Vivint Security Service Mac-Warehouse Electronics & Wireless Store Portable Toilet Rental Building Supply Axio Supply Building Supply

Suggested Use

Top Pick Law Firm Parking Lot & Garage Accounting Firm (Bike/Boat/Book/etc) Store Daycare Center Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

520

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 84042, UT

11,330

Population

3,349

Households

3.4

Avg Household Size

31

Median Age

46%

College-Educated

97%

High-School Grad

7.9 sq mi

ZIP Area

1,434

Density / Sq Mi

$104,840

Median Household Income

$38,772

Median Earnings

$1,502

Median Rent

$639,200

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Multi-tenant warehouse campus with high- and low-bay space, integrated offices, mezzanines, loading, and parking.

Where is this warehouse located?

The property is located at 500 S 500 W Lindon, UT.

What is the asking price?

The asking price for this property is $43,470,000.

What are key features of this property?

This property features: 355,951‑square‑foot multi‑tenant warehouse campus; 22.77‑acre industrial property in Lindon, Utah; Frontage along 1600 North with immediate access to I‑15