CVS Omnicare - Flex Facility
2280 W Alexander St West Valley City , UT 84119

CVS Omnicare - Flex Facility - industrial for sale

Download offering memorandum:


JLL is pleased to offer for sale the fee-simple interest in a single-tenant industrial pharmacy fulfillment center (the “Property” or the “Asset”) located in West Valley City, UT just minutes from downtown Salt Lake City. Leased to Omnicare, a wholly-owned subsidiary of CVS Health Corporation (S&P: ‘BBB’), the facility is home to over 40 employees and has served as a key regional location for 20 years.

The Property possesses outstanding accessibility for industrial users in the area. Sitting off of Interstate 215 (102,000 daily vehicles), and just south of Route 201 (94,000 daily vehicles), the immediate market serves as a manufacturing and shipping hub for the greater region with leading companies like FedEx, UPS, Owens & Minor, and many more significant capital investment into the area. With over 56 million square feet of industrial inventory within a 3-mile radius, the Salt Lake City market has continued to show strong rental growth, limited vacancy, and overall tenant demand. 

Investment highlights

  • Recent tenant extension backed by investment-grade credit
  • Ideal position for office & industrial product with close proximity to highway
  • Mission critical office flex space with substantial tenant operating history
  • Significant tenant investment in operational infrastructure 
  • Concentrated industrial market & opportunity zone designation
Property type Industrial
Tenure type Sale/Purchase
Property address 2280 W Alexander St, West Valley City, UT 84119-2051
Land in acres 1.74
Building size 28,400  ft2
Year built 1979
Price Confidential
Cap rate Confidential
Current NOI $335,120.00
Tenant's name Omnicare, Incorporated
Lease type NN
Lease expiration date 01/30/2024
Remaining term 4Yrs

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