Axia Business Park

Axia Business Park

Asset Overview

Axia Business Park is a flex industrial complex spanning 232K SF with the ability to divide up to 4 bays achieving premium rents for coveted medium-sized spaces or providing an institutional quality footprint for a single national credit tenant. The project development team includes ParkWest Real Estate and Tom Stuart Construction, one of Utah’s largest construction management companies with vast commercial development experience. This state-of-the-art facility is strategically located in Salt Lake County, adjacent to the rapidly growing Silicon Slopes.

Asset Details

Location: Herriman, UT

Site Area: 20.9 AC

Building Size: 232,032 SF

Loading Doors: 7 Grade Level 

Clear Height: 36′ 

Project Live Stream

Stay connected with progress at Axia Business Park! Witness the transformation in real-time with our live stream of the Herriman construction site.

Project Outlook

The project’s strategic location is one of the most desirable industrial markets in the country. Utah was recently named the #2 state economy in the U.S., the #2 employment hub in the country, and the state with the best economic outlook[1]. The strong location in Salt Lake County’s south valley provides a rare opportunity to capitalize on the high demand for functional industrial space, as evidenced by the submarket’s low vacancy rate (±1.6%)[2]. Sitting on one of the last developable industrial sites near Utah’s “Silicon Slopes,” it will provide excellent accessibility to I-15, Mountain View Corridor, and Redwood Road. The land was sourced directly from the seller, providing an attractive land basis relative to recent sales. With industrial projected to be one of the top-performing real estate assets over the next five years, this project is expected to be a valuable portfolio asset.

 

[1] Source: U.S. News & World Report as of Q1 2023; Wallet Hub as of Q1 2023. 

[2] JLL as of Q3 2022

Project Type: Development

Asset Type: Industrial

Project Start: 2023

Target Project Completion: 2024

 

Our Office

4421 N Thanksgiving Way

Ste. 102 Lehi, UT 84043

Office Hours

Mon-Fri: 9am - 5pm
Sat-Sun: Closed

Follow Us