Salt Lake City–JLL is pleased to announce that the firm arranged the successful sale-leaseback of 4282 West 1730 South, Salt Lake City, UT, on behalf the Seller, Sterling L&B Holdings. Sterling L&B Holdings will lease back 95 percent of the property on a long-term leaseback.
Managing Director Wick Udy and Vice President Andrew Lewis represented the seller.
“We are pleased to have assisted Sterling ATM with their growth strategy. This is a high-quality asset in the heart of Salt Lake City’s Northwest Quadrant,” said Udy, “Located in the premier industrial area and with an existing tenant, this building offered investors a strong income stream with cash-flow stability.”
4282 West 1730 South is an exceptional location for distribution and manufacturing. The building totals 55,714 square feet situated on 7.13 acres. With easy access to SR-201 and I-80, the asset sits nine minutes from the Salt Lake City international airport and 13 minutes from downtown.
Since opening in 2012, JLL’s Salt Lake City office has been the leading full-service commercial real
estate firm in Utah, bringing together strong ties and involvement in the local community and the resources of the world’s pre-eminent real estate services firm.
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