- For Sale $13,000,000
- Property Type Industrial
- Property Size 39,981 SF
- Building Class C
- Year Built 1979
- Date Updated Apr 5, 2024
- Clear Height 20'
- Electricity Service 200 Amps @ 480V 3-Phase
10 Year - Sale Leaseback - American Equipment Colliers Salt Lake City and Colliers Private Equity Advisory Group are pleased to offer a sale leaseback opportunity for an infill industrial crane manufacturing facility in Salt Lake City, Utah. The company just recently signed a ten-year lease agreement with Adam Zimmerman who is the president. Adam will be transitioning to retirement and Troy Vellinga an industry veteran will be back-filling his position as CEO. This specialized building will allow American Equipment systems to service their wide national platform which Adam’s father started back in 1969. American Equipment Systems has a strong financial profile, and this new facility is key to the great growth story. The company has an estimated 2023 pro forma of $307.5 Million topline revenue and an adjusted EBITDA of $33.7 Million. |
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Contacts
Bobby Stevens
Colliers
(801) 947-8342
Andrew Bell
Colliers
(801) 981-4922
Location
Getting Around
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Walk Score ®
Car-Dependent (18) -
Transit Score ®
Some Transit (27) -
Bike Score ®
Somewhat Bikeable (44)
- City Salt Lake City, UT
- Neighborhood Glendale
- Zip Code 84104
- Market Salt Lake City
Points of Interest
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Redwood Junction
1.91 miles
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River Trail
2.01 miles
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Decker Lake
2.18 miles
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1940 West North Temple
2.54 miles
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Power
2.74 miles
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West Valley Central
2.86 miles
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Fairpark
2.99 miles
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Salt Lake Central
3.06 miles
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Ballpark
3.15 miles
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Central Pointe
3.21 miles
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Chevron
0.31 miles
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Sapp Brothers Travel Centers - Salt Lake City
0.58 miles
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Maverik
0.59 miles
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Chevron
0.72 miles
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Maverik
0.77 miles
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Maverik
0.90 miles
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Chevron
1.70 miles
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7-Eleven
1.71 miles
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Maverik
1.94 miles
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ChargePoint
2.09 miles
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The Parking Spot
2.24 miles
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Diamond Airport Parking - Lot A
2.38 miles
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Mountain Lot
2.41 miles
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Diamond Airport Parking - Lot B
2.45 miles
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Fairbourne Station Parking Structure
2.84 miles
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Vacuums
2.94 miles
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SLC Airport Employee Parking
2.98 miles
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Park and Wait Lot
3.17 miles
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Economy Lot
3.36 miles
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Summer Parking
3.44 miles
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NPS (groceries)
0.65 miles
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NPS (retail)
0.67 miles
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Gonzalez Market
1.02 miles
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Tejadas market
1.51 miles
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Rancho Markets
1.51 miles
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El Centenario Market
1.89 miles
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Smith's
2.27 miles
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JCPenney
2.77 miles
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Rise Market
2.84 miles
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Target
2.92 miles