Jason Griffith, CCIM, with NAI Utah South, assisted a client with the investment purchase a 39,690 SF Industrial development in Spanish Fork, Utah. The three-building 100% leased industrial center sold for $2,525,000 and will yield 8% CAP rate (capitalization rate) based on the Net Operating Income. The acquisition involved a complicated loan assumption. Jason Griffith represents investors with investment acquisitions in Utah and throughout the United States.
