- Magna, UT -
10 YR IRR:
(includes vacancy, expenses and property management fees)
With land prices rising throughout the Wasatch Front, development continues to go westward. With the establishment of the Inland Port Authority, the Northwest quadrant of Salt Lake County is poised for growth. Amazon.com and UPS are both near completion on massive regional facilities, projected to bring in 3,000 new jobs between the two of them. All this combined with the expansion of the Salt Lake City International Airport make this an area in need of housing. According to CoStar, "only one project has delivered in this portion of the valley since 2015 and vacancies continue to be well below the metro average. With nothing currently underway, tight conditions look set to persist in the near term."
For more information contact:
Steve Olson 801.362.3392 Chase Leavitt 435.632.7028