Pet IQ/Ballard Manufacturing | 1375 Mountain Springs Pky
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Pet IQ/Ballard Manufacturing 1375 Mountain Springs Pky
242,212 SF Industrial Building Springville, UT 84663 $27,964,444 ($115/SF) 6.75% Cap Rate
Executive Summary
This investment presents a compelling opportunity to acquire a well-located industrial property in Utah County with a strong credit tenant secured by a long-term lease. The property’s prime position along I-15 provides excellent visibility and convenient access, enhancing its strategic value. Coupled with a stable income stream generated by a high-quality tenant, this asset offers a solid foundation for long-term investment returns. The combination of a desirable location, strong tenant covenant, expected market growth and lease term creates a low-risk, income-oriented investment profile. In addition the investment includes six plus acres of unused land for future expansion or development.
Property Facts
| Price | $27,964,444 | Rentable Building Area | 242,212 SF |
| Price Per SF | $115 | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1995 |
| Cap Rate | 6.75% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.53/1,000 SF |
| Property Subtype | Distribution | Clear Ceiling Height | 28 FT |
| Building Class | C | No. Dock-High Doors/Loading | 12 |
| Lot Size | 19.41 AC | No. Drive In / Grade-Level Doors | 3 |
| Price | $27,964,444 |
| Price Per SF | $115 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 19.41 AC |
| Rentable Building Area | 242,212 SF |
| No. Stories | 2 |
| Year Built | 1995 |
| Tenancy | Single |
| Parking Ratio | 1.53/1,000 SF |
| Clear Ceiling Height | 28 FT |
| No. Dock-High Doors/Loading | 12 |
| No. Drive In / Grade-Level Doors | 3 |
Amenities
- Signage
- Skylights
Utilities
- Lighting - Halide
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PROPERTY TAXES
| Parcel Number | 23-020-0006 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $20,179,400 |
PROPERTY TAXES
Parcel Number
23-020-0006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$20,179,400
zoning
| Zoning Code | PI-1 (Industrial) |
| PI-1 (Industrial) |
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Pet IQ/Ballard Manufacturing | 1375 Mountain Springs Pky
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