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Steel Peak has purchased an industrial outdoor storage (IOS) property in Salt Lake City, UT for $7.6 mil. The property is located at 1876 W. Fortune Rd, north of California Ave and east of I-15.

The property consists of two warehouse structures totaling 31.5k sf of space on 5.37 acres. Steel Peak plans to improve the functionality of this site and stabilize it by leasing it to a long-term tenant who needs yard and warehouse space.