Sold.
Jason Griffith, CCIM with NAI Excel in Utah, has been selling many high-quality investment properties in Utah and throughout the United States. The current ‘Hot’ investment market is causing a shortage in quality investment properties, making them difficult to find.
“Finding these investment-grade properties take enormous effort,” stated Griffith, “we’re searching all across the country.”
Griffith recently assisted in the acquisition of a new 38,834 square foot, multi-tenant, industrial building known as Lakeview located near Provo, Utah. Selling for just over $4 mil, this project is a new tilt-up industrial property that should conservatively yield a 7% CAP (capitalization rate) after a stabilization period. This high-growth market in Utah county is boosted by low vacancy making industrial buildings in high demand.
Another recent acquisition (also a 1031 exchange assignment) involved two separate properties: an office and a warehouse condo located in Peoria, Arizona. The combined properties sold for $1,255,000. While this acquisition was not significantly large, it was none-the-less a very important purchase to the client.
“Helping investors acquire out-of-state properties requires an extra measure of agent diligence and property due diligence.” Stated Griffith.
Washington and Utah counties are currently the fastest growing counties in Utah.
Jason Griffith | Sr. Vice President
Jason Griffith is a senior member and commercial-investment specialist at NAI Utah South. He is a 22-year veteran in the St. George commercial real estate market. Jason has extensive experience in all aspects of commercial real estate, including: industrial, office, retail, consulting, investments, market analysis, project development and leasing.
Jason’s business philosophy is centered on building trust and integrity with clients. Success is the result of hard work, experience, knowledge, and belief that clients deserve ethical and competent commercial brokerage service. This philosophy guarantees clients receive the best possible service and reach their objectives. Integrity, Trust, Service, and a Hard Work Ethic are characteristics that illustrate Jason’s career and relationship with his clients.
Backed by his market experience, knowledge and education, Jason is a skilled negotiator who is well versed in the nuances of lease and purchase negotiations. Whether representing the seller or buyer / landlord or tenant, he is a key asset in the disposition of commercial property.