New Vista Building 3 — Sale in Provo, UT
- Price: Contact for price
- Listing type: For sale
- Asset type: Industrial Property
- Location: Provo, UT 84606
- Year built: 2023
Photos
Description
JLL as advisor is pleased to present 3855 Tracy Hall Parkway, Provo, UT. 3855 Tracy Hall Parkway presents an exceptional institutional-quality net lease investment opportunity featuring a 158,703-square-foot Class A industrial distribution facility located in Provo's premier Sierra Vista Business Park. The Property is 100% leased to two strong local credit tenants through 2032 under NNN leases with 3% annual rent escalations, delivering stable, predictable cash flow with a 5.5-year weighted average remaining lease term. Both tenants utilize the facility for mission-critical operations, with one operating a third-party logistics and e-commerce fulfillment hub, and the other conducting contract manufacturing and liquid filling operations. Built in 2023 on 9.2 acres with modern specifications including 32-foot clear height, 16 dock-high doors, and efficient rear-load configuration, the Property benefits from exceptional access to I-15 and US Route 89, providing seamless connectivity throughout Utah's Wasatch Front and the broader Intermountain West region. With built-in rent escalations, strategic lease rollover alignment, and a true triple net structure minimizing landlord obligations, the Property represents an ideal core industrial investment for institutional and private capital seeking stability, consistent income growth, and long-term value appreciation in one of the nation's fastest-growing population and employment corridors.
Market Context
This industrial in Provo, UT is listed for sale. The building dates to 2023. Compare it against other industrial listings for sale in Provo, UT — view the full market.
As of Q1 2026, the Salt Lake City industrial market showed a 7.7% vacancy rate, average asking rents near $9.72/SF/yr, and rents up 3.9% year over year. Source: multiple brokerage reports, Q1 2026.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Industrial market FAQ
- Is the Salt Lake City industrial market tightening or softening?
- Vacancy is around 7.7%, with asking rents rising year over year (Q1 2026).
Contact
- Todd Torok · 8017382165 · todd.torok@jll.com
Explore this market
Similar Industrial Property for Sale in Provo, UT
- Tracy Hall Industrial — Contact for price · Provo, UT · 12,317 SF