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Industrial Flex Property with Large Yard

3545 South 1150 West, Spanish Fork, UT 84003

For Sale
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Fully leased, multi-tenant industrial flex property with a large yard and 2 acres of extra land.

Property SizeContact for details
Days on Market1574

Property Features for 3545 South 1150 West

General Information

Standard status Active
Class B
Property subtype Industrial
Zoning I-1
Occupancy 100%
Lease Type NNN
Investment Type Owner/User
Net Operating Income $510,355

Additional Details

Business Included Yes
Highway Access Yes

Building Details

Year Built 2025
Buildings 1
Units 7
Tenancy Multi
Listing Agency: Core Utah Real Estate
Listed By: Aaron Cook · License #Utah
Source: Crexi
Added: Jul 20, 2022 Changed: Oct 29 Last Checked: Nov 8 at 9:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Core Utah Real Estate

Rey
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Investment Insights

Based on property information with market context.

This fully leased, multi-tenant industrial flex property includes a large yard supported by 2 acres of extra land. The rental structure on most leases includes annual CPI-based rent increases, with 82% of rental income subject to CPI index bumps. Lease terms also provide personally guaranteed obligations under all leases.

The property is located in a highly sought-after north UT area and offers easy access to I-15, supporting convenient connectivity for industrial and flex operations.

As presented, the offering is positioned around long-term lease terms with recurring CPI-based rent mark-ups and personally guaranteed lease commitments across the tenant base.

Key Highlights

  • Fully‑leased, multi‑tenant industrial flex property
  • Large yard plus 2 acres of extra land
  • All leases include annual CPI rent increases on most leases

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Furniture & Home Goods Garden Center Big Box & Wholesale Store Home Appliance Store Building Supply

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

100%
Occupancy
Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

5
Businesses Nearby
Well-served
Demand for This Use

Demographics for 84003, UT

52,970
Population
16,441
Households
3.2
Avg Household Size
29
Median Age
50%
College-Educated
96%
High-School Grad
73.6 sq mi
ZIP Area
720
Density / Sq Mi
$120,262
Median Household Income
$41,591
Median Earnings
$1,692
Median Rent
$580,600
Median Home Value

Market

Average Price Trend$/SF for Flex space in Utah County, UT

$263 Jul
$208 Aug
$234 Sep
$255 Oct

Properties on Market for Flex space in Utah County

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Flex space - Fully leased, multi-tenant industrial flex property with a large yard and 2 acres of extra land.
Where is this flex space located?
The property is located at 3545 South 1150 West Spanish Fork, UT.
What are key features of this property?
This property features: Fully‑leased, multi‑tenant industrial flex property; Large yard plus 2 acres of extra land; All leases include annual CPI rent increases on most leases
(801) 222-9696 Call to check price and availability
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