Within the last five years, Salt Lake City has seen record expansion, particularly within the industrial market, and we are excited to expand GPR Ventures’ presence in the Western United States with this new acquisition.
SACRAMENTO, Calif. (PRWEB) December 07, 2020
GPR Ventures has acquired its very first property in Utah with the purchase of a 49,234 square foot industrial warehouse situated on 3.65 acres in West Jordan, UT. The single-building property is fully occupied by BC Technical, the largest non-OEM provider of diagnostic imaging solutions and services in the country, and features several state-of-the-art elements throughout the manufacturing area and the separate office space. The purchase marks the 25th overall acquisition for GPR Ventures since 2011.
“Within the last five years, Salt Lake City has seen record expansion, particularly within the industrial market, and we are excited to expand GPR Ventures’ presence in the Western United States with this new acquisition,” said GPR Ventures co-founder and Managing Principal, Phil Rolla. “The building has been outfitted with several premium, high-tech upgrades, and the property’s layout allows for future expansion opportunities.”
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“Utah consistently ranks as one of the top states in the nation for business and job growth, and activity throughout the Salt Lake City market reflects that,” said Glen Yonekura, GPR Ventures co-founder and Managing Principal. “We are excited to expand the GPR Ventures footprint beyond California state lines and into this thriving market.”
Strategic + Central Location
The property is located just 12 miles south of the Salt Lake International Airport in the West Jordan submarket. Its proximity to Bangerter Highway and the newly-constructed Mountain View Corridor provides quick highway access. West Jordan is also headquarters for a 1.3 million square foot Amazon Fulfillment Center.
Key Property Features
The property is 49,234 square feet and is separated into a 35,632 square foot manufacturing and assembly area, as well as a 13,602 square foot office space.
- Raised floors with an anti-static covering throughout the office space accommodate extensive wiring and fiber optics that run underneath.
- Heavy-duty capacity HVAC systems heat or cool 100 percent of the building, and multiple climate-controlled computer areas with independent HVAC systems are situated throughout the office area.
- High-efficiency fluorescent lighting is installed throughout the property, and a sprinkler system covers the entirety of the building.
For more information on GPR Ventures and its complete portfolio, visit https://www.gprventures.com/.
About GPR Ventures
Founded in 2011, GPR Ventures is a privately held real estate investment firm with offices in Silicon Valley and Sacramento that specializes in providing real estate opportunities for a select group of sophisticated investors. GPR Ventures uses a dynamic, fully developed process and the acquisition-to-disposition expertise of founders Glen Yonekura and Phillip Rolla to yield consistent results. GPR’s portfolio includes 69 buildings totaling over 2 million square feet and an additional 26 acres of land. For additional information, please visit GPRVentures.com or call (408) 559-3300.