Eric Larsen and Mike McMurtrey Organize Largest Utah County Industrial Investment Sale Year To Date
Orem, Utah (June 28, 2016)– Coldwell Banker Commercial Advisors (CBC Advisors), announced Eric Larsen, Vice President-Industrial/Land, and Mike McMurtrey, Vice President-Investment, facilitated the sale of Winchester Business Park in Orem, Utah. The six-building office warehouse comprises a total of 165,000 SF.
“Winchester Business Park serves a fixture of commerce for many mid-sized warehouse users within the Orem area,” said Larsen. “This opportunity positions the property for continued success and additional value with a very desirable product in a high demand location.”
The transaction is the largest industrial investment sale in Utah County year to date. West of the I-15 University Parkway exit in Orem, Winchester Business Park is located within one of the city’s most vibrant and growing economic districts.
“Utah County continues to experience tremendous growth and increased opportunity,” said McMurtrey. “Winchester Business Park directly reflects the value currently available in the market.”
Larsen and McMurtrey have approximately twenty years of combined experience in the commercial real estate industry, primarily focusing their expertise within the Utah County market.
CBC Advisors is the only commercial real estate brokerage in Utah County operating as a true, full-service commercial real estate brokerage. The firm advises clients on office, retail, and industrial projects throughout the area. CBC Advisors currently represents roughly 87% of commercial properties in the Utah County region.