Investment Sales
Commercial Investment Sales in Salt Lake City
Underwriting, pricing, and disposition for net-leased retail, small-bay industrial, and multi-tenant office. 1031 timelines handled start to finish.
Product
What we sell
Net-leased retail, small-bay industrial, multi-tenant office, strip centers, and land. Across our own closed deal record through July 2026, which includes deals this roster closed at prior firms, our closed sales run from 630 SF to 118,818 SF, averaging 11,400 SF where a size is recorded, with a median of 6,587 SF.
Most trades in this market go to private buyers and 1031 money rather than institutions, which changes how a building should be priced and who it should be shown to.
A cap rate resting on a rent roll that expires in eighteen months is a number that will not survive due diligence.
The rent roll
How we underwrite
We start from in-place rent and actual expenses rather than a pro forma. Then we price the rollover: which suites come due inside the hold period, what they re-lease at based on asks in that size range, and what the downtime costs.
A cap rate resting on a rent roll that expires in eighteen months is a number that will not survive due diligence.
The clock
1031 timelines
Forty-five days to identify and 180 to close, and the clock starts the day your sale closes. We work backward from that, so the identification list is built before your sale closes and a backup is identified in case the first property falls out.
Sourcing
Off-market deals
A share of what we sell never reaches a listing platform. We call owners directly about buildings that fit what a buyer is looking for, which is how a 1031 buyer on a deadline finds product that is not competing with forty other offers.
It works in the other direction too. An owner thinking about selling in the next year can be introduced to a buyer before the building is ever marketed.
Pricing
Where the comps come from
Utah does not require price disclosure, so a large share of the comps in this market never become public. Ours come from our own closed files, built on deals we touched, which is why we can price a building a competitor can only guess at.
Questions
What Owners and Tenants Ask
I am buying rather than selling. Where do I start?
Tell us the size, the return you need, and whether you are on a 1031 clock, and you get a call when something fits rather than an alert every time anything lists. Current investment listings and that form are both on our investment property page, and a large share of what we sell never reaches a listing platform at all.
Do you publish sale comps?
We share comps with clients as part of an engagement. We do not publish individual comps on this site, because Utah disclosure rules make most of them private and because they came out of deals we were paid to work.
What size sales do you handle?
Across our own closed deal record through July 2026, which includes deals this roster closed at prior firms, our closed sales run from 630 SF to 118,818 SF, averaging 11,400 SF where a size is recorded, with a median of 6,587 SF. Disclosed sale volume across that record is over $373 million, and the real figure is higher because most of our deals close with undisclosed pricing.
Who to call
Who to call about investment sales
Every one of them has priced this product in this valley. Call whichever name fits what you are buying or selling and you get them, not an assistant.
Justin Welch
Principal Broker & Founder
Industrial, office, retail, and tenant and landlord representation
C: 801-718-8842
O: 801-876-6071
justin@cresutah.com
Derek Klopfer
Managing Director
Industrial and flex first, and everything else. Ownership advisory.
C: 801-897-9264
O: 801-876-6070
derek@cresutah.com
Kellen Koncar
Associate Broker
Office and medical office, with significant retail
C: 801-824-1311
O: 801-876-6070
kellen@cresutah.com
Chris Lorenzon
Senior Specialist
Industrial and investment sales, with land and retail
C: 801-652-2798
O: 801-876-6087
chris@cresutah.com
Greg McDonald
Senior Specialist
Office and medical office
C: 801-598-1111
O: 801-876-6070
greg@cresutah.com
Colter Smith
Senior Specialist
Industrial and flex, with some office and retail
C: 801-755-8794
O: 801-876-6070
colter@cresutah.com
Want to talk it through?
Call the office and ask for whoever covers your submarket, or send the address and we will come back with comps.
