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June 13, 2024
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TEXAS/SOUTHWEST NEWS
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Utah PetSuites Building Trades for $5.3 Mil

2/13/24

A newly constructed, 11k sf property in Herriman, UT that is occupied by PetSuites traded for $5.34 mil ($485/sf). The property is situated on approximately 1.2 acres at 5116 Denali Park Dr.

The new PetSuites site opened in November 2023 and the tenant has a 20-year lease in place. PetSuites operates more than 80 locations nationally with services including daycare, boarding, grooming and training.

The asset is located in an affluent and growing suburb of Salt Lake City and is just off Highway 85.

Susan Harris with SRS Capital Markets represented the buyer, a Washington-based private investor who was in a 1031 exchange. The seller, a developer, was repped by JLL.





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