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8/18/25
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Steel Peak has acquired an industrial outdoor storage (IOS) property located at 758 W 1500 N in Salt Lake City, UT for $3.1 mil. Steel Peak plans to make strategic improvements to both the building and yard, including cosmetic upgrades and office enhancements, as it looks to lease it to high-quality tenants.
758 W 1500 N is ideally located in the Northwest Industrial Submarket of Salt Lake City, just minutes from I-15, a crucial transport link that provides connectivity to the main industrial corridor of the market along with major interstate highways (I-215, I-80, and I-70).
The property consists of a 15.2k sf industrial building on 2.34 acres. The M-2 (Heavy Manufacturing) zoning, allows for various industrial uses, including outdoor storage, commercial parking, contractor yards, heavy equipment, tire distribution/retail, truck freight terminals, auto and truck repair, industrial services and sales, and railroad repair/rail freight terminals.
This marks Steel Peak’s second IOS acquisition in the Salt Lake City market in 2025. The company, which was founded in January 2024, has now acquired eight properties in Utah, California and Washington.
Steel Peak represented itself in the acquisition. The seller, Wolff Excavating Inc, was repped by Tanner Riedel of Colliers International.
“Steel Peak is attracted to the strong fundamentals driving demand for contractor yards and Industrial Outdoor Storage (IOS) in Salt Lake City,” said Blake Rodgers, Steel Peak Principal. “This property was especially attractive to us because of its M-2 (Heavy Manufacturing) industrial zoning, which is extremely limited in the market, making well-located IOS sites with functional shop space and large secure yards increasingly scarce.”
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