Listing Summary
Acquire a premier 69,212 SF small-bay multi-tenant industrial asset on 4.86 acres in Spanish Fork, UT. Brand-new 2023 construction. Listed at $17,995,000.
Full Description
Premier Multi-Tenant Light Industrial Investment Opportunity in Spanish Fork, Utah
Situated in one of Northern Utah’s fastest-growing commercial corridors, 198–258 W 3450 N represents an exceptional institutional-grade investment opportunity to acquire a 69,212-square-foot small-bay multi-tenant light industrial complex in Spanish Fork, Utah. Completed in 2023, this state-of-the-art flex warehouse asset spans 4.86 acres across two pristine industrial facilities, offering immediate scale and stable income potential in a highly supply-constrained submarket.
This asset is strategically engineered to cater to light manufacturing, trade contractors, regional sales branches, distribution operators, and e-commerce fulfillment centers seeking functional, modern space in Utah County.
Investors have the flexibility to purchase the entire portfolio for $17,995,000, or acquire the two contiguous buildings individually to suit specific portfolio growth strategies.
Property Specifications & Portfolio Pricing Breakdown
| Portfolio Option |
Total Building Area |
Price |
Price Per SF |
Availability / Status |
| Complete Portfolio (Both Buildings) |
69,212 SF |
$17,995,000 |
~$260 / SF |
Available |
| Building 198 (Parcel A) |
35,980 SF |
$9,354,800 |
~$260 / SF |
Available |
| Building 258 (Parcel B) |
33,232 SF |
$8,640,320 |
~$260 / SF |
Available |
General Asset Details
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Property Address: 198–258 W 3450 N, Spanish Fork, UT 84660
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Property Type: Industrial - Flex / Small-Bay Warehouse / Office & Distribution
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Zoning Classification: I-1 (Light Industrial)
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Year Built: 2023 (Brand-New Construction)
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Total Site Lot Size: 4.86 Acres
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Property Status: For Sale (Investment Portfolio / Partial Acquisition)
Key Investment Highlights & Operational Strengths
1. Durable Small-Bay Multi-Tenant Strategy
Small-bay industrial properties consistently outperform big-box facilities in tenant retention and rental rate escalation. By offering versatile floor plans that combine high-bay storage with dedicated office suites, the property appeals to a massive pool of regional trade users, distribution providers, and light assembly businesses.
2. Low-CapEx 2023 Modern Infrastructure
As a newly completed 2023 asset, 198–258 W 3450 N offers buyers minimal near-term capital expenditure risks. Built to contemporary commercial specifications, the complex features efficient HVAC units, modern structural insulation, high clear heights, oversized overhead loading doors, and heavy 3-phase electrical power throughout.
3. High Site Access & Fleet Circulation
Set on a expansive 4.86-acre site, the property features generous turning radii for freight trucks, dedicated loading areas, and ample on-site employee and customer parking. The campus layout ensures smooth traffic flow and efficient day-to-day operations for all tenants.
Location & Utah County Market Dynamics
Located in northern Spanish Fork, the property enjoys seamless connectivity to Interstate 15 (I-15) and US Highway 6, providing an effortless distribution route north to Provo, Orem, and Salt Lake City, as well as east toward regional supply networks. Utah County continues to lead the region in population and economic growth, driving sustained high demand for functional commercial and industrial space.
Listing Brokerage Contact Information
To request complete offering memorandums, financial disclosures, floor plans, or to schedule an official property tour:
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Broker: John Blatter
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Broker: Zachary Hatch
Quick Glance
- Listing ID:
CL-Utah-28887
- Status:
Active
- Year Build:
2023
- Building Size:
69,212 SqFt
- Lot Size:
4.86 Acr
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Virtual Tour