Projects

PROJECT #1

SALT LAKE CITY, UT

Acquired three-building portfolio through a sale-leaseback transaction with international industrial manufacturing company.

SITE 1

  • 25,470 SF industrial building on 4.86 acres in prime industrial area of SLC with premier interstate access

  • 10-month leaseback provided cash flow and adequate time to market the property for lease or sale

  • Prior to the tenant vacating, building was acquired by an owner/user

SITE 2

  • 42,000 SF industrial building

  • Initial 10-month leaseback was extended for a few additional months providing adequate time to market the property

  • Executed a 10-year NNN lease with another international industrial company

  • Completed TI’s for tenant

  • Real estate investor acquired the property

SITE 3

  • 26,875 SF, 2-story Class B office building

  • Leaseback had an initial 7-year term

  • Early termination of the lease was negotiated with the tenant

  • Investor acquired property vacant with tenant in tow

PROJECT #2

GRAND BLANC, MI

Acquired a 66,000 SF industrial facility leased by a publicly traded global automotive supplier with 2 years remaining on the lease.

SITE 1

  • Acquired a 66,000 SF industrial facility leased by a publicly traded company and global automotive supplier with 2 years remaining on the lease

  • Tenant operated the facility as a light manufacturing and assembly plant for their electronic car division

  • Deal structure provided short-term cash flow with ample time to begin marketing the property

  • The building had heavy power that could satisfy any manufacturing operation requirements

  • Acquired by owner/ user

PROJECT #3

SALT LAKE CITY, UT

Acquired a one-story 48,000 SF office building set on 5.09 acres in the heart of the SLC industrial market along with two adjacent land parcels (1.21 & 1.30 ac.) improved with asphalt and lit parking lots.

SITE 1

  • Acquired a one-story 48,000 SF office building set on 5.09 acres in the heart of the SLC industrial market along with two adjacent land parcels (1.21 & 1.30 ac.) improved with asphalt and lit parking lots.

  • The principal strategy was to acquire and reposition the building from an office to industrial use which required demoing the interior of the building, completing a roof raise, increasing the clear height from 14’ to 24’, adding several drive-in doors, new footings and columns, new building entry and façade, and upgrading the electrical service to over 4000 amps

  • The project was the first of its kind in Salt Lake City as a roof raise had never been completed

  • Building was leased to an investment grade tenant for 10 years