Ogden Industrial Park under New Ownership
- Sep 09, 2016
Salt Lake City—A large industrial asset in Salt Lake City’s Ogden submarket recently changed hands. Ogden Industrial Park switched ownership with the help of Marcus & Millichap representatives Claire J. Roberts and Gary Mangum. Roberts secured the private buyer for the property, while Mangum assisted in closing the transaction. The price of the asset was not disclosed.
Located at 1330 West 3300 South in Ogden, Utah, Ogen Industrial Park offers a total of 258,902 square feet of industrial space. The property is located 35 miles from Salt Lake City’s core, and currently operates at full occupancy. Its two major tenants are Levolor, a Hunter Douglas Co. that uses the assets as its primary production and warehousing facility, and automotive safety supplier Autoliv that uses its space for assembly and warehousing.
The Salt Lake City-Ogden-Clearfield MSA is one of the few to have recorded growth in the manufacturing sector, illustrative of its rapidly diversifying economy. This has translated into high interest in both industrial, as well as tech-driven office properties in the area.
Image courtesy of Marcus & Millichap