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Industrial Multi-Tenant Investment 2 Industrial Properties Offered at $24,647,931 CAD in Spanish Fork, UT
Investment Highlights
- Two Multi-tenant Buildings.
- Two newly constructed multi-tenant industrial buildings in Spanish Fork totaling ±69,212 SF.
- Nine (9) (National & Local) Tenants
- New Construction (2024).
- 100% Leased
Executive Summary
198–258 W 3450 N in Spanish Fork represents a rare opportunity to acquire a new construction, small-bay, multi-tenant light industrial / flex asset located within one of Utah County’s fastest-growing submarkets. The property is well positioned to capture sustained demand from local and regional users seeking functional, efficient space in a supply-constrained market.
Spanish Fork sits squarely in the path of growth along the southern Utah County corridor, benefiting from strong population expansion, accelerating employment growth, and continued business migration. The City’s pro-development, business friendly environment, combined with improving infrastructure and freeway access, continues to attract light industrial, service, and distribution users. These fundamentals support long-term tenancy, stable cash flow, and rent growth, making the asset well suited for investors seeking durable income and future upside.
Spanish Fork sits squarely in the path of growth along the southern Utah County corridor, benefiting from strong population expansion, accelerating employment growth, and continued business migration. The City’s pro-development, business friendly environment, combined with improving infrastructure and freeway access, continues to attract light industrial, service, and distribution users. These fundamentals support long-term tenancy, stable cash flow, and rent growth, making the asset well suited for investors seeking durable income and future upside.
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Property Facts
| Price | $24,647,931 CAD | Number of Properties | 2 |
| Price / SF | $356.12 CAD / SF | Individually For Sale | 0 |
| Sale Condition | Bulk/Portfolio Sale | Total Building Size | 69,212 SF |
| Sale Type | Investment | Total Land Area | 9.73 AC |
| Status | Active |
| Price | $24,647,931 CAD |
| Price / SF | $356.12 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 69,212 SF |
| Total Land Area | 9.73 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 258 W 3450 N, Spanish Fork, UT 84660 | Industrial | 35,980 SF | 2024 | - |
| 198 W 3450 N, Spanish Fork, UT 84660 | Industrial | 33,232 SF | 2024 | - |
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Industrial Multi-Tenant Investment
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