Warehouse
Multi-Tenant Industrial Investment
1381 N 500 W, Nephi, UT 84648
Listing Price: $1,150,000
Investment Overview
Marcus & Millichap is pleased to exclusively market for sale a newly constructed multi-tenant industrial property in Nephi, UT. Built in 2022, the property at 1381 North 500 West is comprised of two 4,000 square foot buildings situated on a 1.21-acre site. The buildings are 100% leased by three tenants. One building is leased to a single-tenant and the other building is leased to two tenants.
Multi-Tenant Industrial Investment
Investment Highlights
- Newly constructed multi-tenant industrial property comprised of two 4,000 square foot buildings
- Each building has two 14 x 14 roll-up doors, 15-foot clear height, and 200A/240V 3-phase power
- Property is 100% leased to three tenants: Bimbo Bakeries, Salt Creek Custom Ammunition, and Direct Source, Inc
- Bimbo Bakeries is a credit tenant with a BBB+ credit rating
- Favorable leases with minimal landlord responsibilities and low management burden
- Nephi has a tight industrial market with no vacancy and no new supply currently under construction
Exclusively Listed By
Broker of Record
Listing Price: $1,150,000
Investment Highlights
- Newly constructed multi-tenant industrial property comprised of two 4,000 square foot buildings
- Each building has two 14 x 14 roll-up doors, 15-foot clear height, and 200A/240V 3-phase power
- Property is 100% leased to three tenants: Bimbo Bakeries, Salt Creek Custom Ammunition, and Direct Source, Inc
- Bimbo Bakeries is a credit tenant with a BBB+ credit rating
- Favorable leases with minimal landlord responsibilities and low management burden
- Nephi has a tight industrial market with no vacancy and no new supply currently under construction
Investment Overview
Marcus & Millichap is pleased to exclusively market for sale a newly constructed multi-tenant industrial property in Nephi, UT. Built in 2022, the property at 1381 North 500 West is comprised of two 4,000 square foot buildings situated on a 1.21-acre site. The buildings are 100% leased by three tenants. One building is leased to a single-tenant and the other building is leased to two tenants.
Exclusively Listed By
Broker of Record
