393 Monterey St Salt Lake City, UT 84104
- Industrial properties
- 12,472 SF
- 12.51 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 393 Monterey St
- Lot size
- 12.51 lot acres
- Property size
- 12,472 SF
- Property type
- Industrial properties
- Property subtype
- Manufacturing properties
Description
This exceptional 12.51-acre Salt Lake City industrial property offers a 12,472 square foot manufacturing facility, perfect for a sale/leaseback opportunity. The property includes three buildings, spanning two stories, and boasts a Class C rating. Built in 2018 (with renovations completed that year), the property features four loading docks and four dock-high doors, along with ample parking for 20 vehicles. The current tenant occupies 100% of the space under a single-tenant lease commencing August 24, 2024, and expiring October 31, 2026, leaving a remaining lease term of approximately 1.9 years. The property is zoned M1 and includes a crane shop, truck shop, and office space. Its strategic location near I-80 and the inland port provides excellent access to major transportation routes. The asking price is $20,000,000, translating to $1,603.59 per square foot. Additional features include a fueling station and a private rail spur. This is a rare opportunity to acquire a well-located, fully occupied industrial property with significant long-term potential.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.956
- Latitude
- 40.7608
