Case Studies
Real transactions from the Salt Lake industrial market. Every case study below reflects an actual deal closed by CRES Utah.
The property had been vacant for 18 months under a previous broker. The owner had dropped the asking rate twice without generating serious tenant activity. Photography was outdated, the listing copy was generic, and the property had no active presence with tenant-rep brokers in the market.
7-Year NNN Lease Signed: 22 Days on Market, Rate Above Ask
CRES Utah repositioned the property from scratch. We commissioned new drone and architectural photography, rewrote the l...
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The property was a specialty cold storage facility with a limited tenant pool. The owner had been working with a generalist commercial broker who had no specific relationships or database in the cold chain logistics sector. After 11 months on market with zero offers, they engaged CRES Utah.
5-Year NNN Lease: Out-of-State Tenant, 12% Premium Over Market
Cold storage is a specialized industrial asset class. We identified the target tenant profile, regional food distributor...
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A private investor owned a four-building flex park in Draper and experienced three simultaneous vacancies as two tenants relocated to larger space and one closed operations. The market had softened slightly in that submarket, and the investor was concerned about carrying three vacant units heading into Q3.
3 Suites Fully Leased in 90 Days: 4% Above Owner's Rate Target
We treated the three vacancies as a portfolio leasing assignment rather than three separate listings. This allowed us to...
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