900-W-2900-2950-3100-S-Salt-Lake-City-UT

Stos Partners Buys 279,233 SF Industrial Complex in Salt Lake City

by Amy Works

SALT LAKE CITY — Stos Partners has entered the Salt Lake City market with the acquisition of an industrial complex located at 900 W. 2900/2950/3100 S in Salt Lake City for $35 million, or $118 per square foot. The name of the seller was not released.

Stos Partners plans to immediately implement a capital improvement program to stabilize and re-tenant the asset. Situated on 14.5 acres, the 279,233-square-foot facility features 22-foot clear heights, 49 dock-high doors and 18 drive-in ground-level doors.

Eli Priest, Jeff Heaton and Kyle Roberts of Newmark are handling leasing for the property. Alex Harrold of Mathews Real Estate represented Stos Partners in the off-market transaction.

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