Verified Results

Case Studies

Real transactions from the Salt Lake industrial market. Every case study below reflects an actual deal closed by CRES Utah.

LeasingWest ValleyBulk Warehouse85,000 SF
Verified CRES Utah Transaction
22
Days to LOI
+$0.75/SF
Rate vs. Last Ask
7 Years
Lease Term
18 Months
Vacancy Prior
The Challenge

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 Photography was outdated, the listing copy was generic, and the property had no active presence with tenant-rep brokers in the market.

Result

7-Year NNN Lease Signed: 22 Days on Market, Rate Above Ask

Our Approach

CRES Utah repositioned the property from scratch. We commissioned new drone and architectural photography, rewrote the l...

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LeasingMurray/MidvaleCold Storage Facility32,000 SF
Verified CRES Utah Transaction
5 + 3 Years
Lease Term
Out-of-State Relocation
Tenant Origin
12% Premium
Rate vs. Market
11 Months
Vacancy Prior
The Challenge

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.

Result

5-Year NNN Lease: Out-of-State Tenant, 12% Premium Over Market

Our Approach

Cold storage is a specialized industrial asset class. We identified the target tenant profile, regional food distributor...

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LeasingSandyMulti-Tenant Flex Park3 Suites: 8,500–14,000 SF each
Verified CRES Utah Transaction
90
Days to Full Occupancy
3 of 3
Suites Leased
+4%
Rate vs. Target
100%
Occupancy Achieved
The Challenge

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.

Result

3 Suites Fully Leased in 90 Days: 4% Above Owner's Rate Target

Our Approach

We treated the three vacancies as a portfolio leasing assignment rather than three separate listings. This allowed us to...

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