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JLL Capital Markets is proud to present 113 S 1200 E, a 54,960 square foot industrial asset located in Lehi, the heart of Salt Lake City’s Silicon Slopes submarket. The asset has 2 Tenants, with Western Timber Frame occupying 70% of the space, and Harbor Freight taking up the remainder. In addition, there is +/- 1 acre of outside storage land currently being utilized by Western Timber Frame.
Utah is consistently recognized as one of the strongest economies in the country, with the lowest unemployment rate, and fastest population growth rate in the nation. The asset is in Lehi, in the heart of the rapidly developing Silicon Slopes, in a retail and industrial area, immediately adjacent to both the I-15 & Hwy 89 with a single right turn from a signalized intersection onto the freeway.
This asset represents stability of cashflow with value-add upside, in one of the most desirable markets in the United States.
•Strong Tenancy – Harbor Freight, a National Credit BB- Tenant Occupies 30% of the Asset, at below market rates, and Western Timber Frame, occupies the remaining space, both on long term leases.
•Excellent Location – Located in Lehi, one of Utah’s fastest growing cities, immediately adjacent to the I-15 and Main Street, with strong freeway access.
•Strong Industrial Market – The Utah County Industrial Submarket is the second largest industrial submarket in the Salt Lake MSA and has consistently shown above average rents on a square foot basis.