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Hog Mountain Investment Sale

Fri, 22 Aug 2014 11:47:00 -0600
Investment Sale - Jason Griffith, CCIM, with NAI Utah South, assisted a client-investor purchase a 9,000 SF retail strip center is Atlanta (Dacula), GA.  The purchase helps the buyer complete part of a 1031 exchange requirement.  The 100% leased retail center sold for $890,000 and will yield a true 8% CAP rate (capitalization rate) based on the current Net Operating Income.  As some below market rents are increased at the center, the CAP rate will increase a bit more. 

The calculation of a proper CAP rate takes into account:  reserves, property management, and a market vacancy factor.  Proper underwriting of a commercial investment property is important to help investors determine a correct market value.  Jason Griffith represents investors with acquisitions throughout Utah and the United States.

Red Rock Collision & Auto Repair Purchases New Facility in St George Industrial Park

Wed, 20 Aug 2014 11:41:00 -0600
With the help of Abraham Thiombiano of NAI Utah South, Mike Keetch acquired 12,000 SF of industrial buildings on a 2 Acre piece located at 765 N Red Rock Rd. The company has torn down a few of the structures and is in the process of building a new state of the art facility that will be completed in November.  Red Rock is still operating out of their old location at 1275 E Red Hills Pkwy,St. George, Utah 84770.

“Abraham was great through the entire negotiation and purchase process” said Mike Keetch. “We looked at a number of potential sites but this one was the best for us. I am grateful to have had a professional local agent assist us from start to finish. I would recommend Abraham Thiombiano to any business owners looking at purchasing or leasing a facility.”

Red Rock Collision & Auto Painting is Southern Utah’s newest collision repair & painting facility. Red Rock has two distinct service centers: Red Rock Collision Repair and Red Rock Auto Painting. Red Rock Collision offers industry best collision repair using OEM parts, specifications, and state of the art equipment. The estimators are available all hours of operation to provide free estimates using Audatex 3D software. Red Rock Collision works with their clients & insurance companies to make the repair service as convenient as possible.

Red Rock Auto Painting is the only full service painting facility in Southern Utah that offers multiple complete paint services.  The painting facility uses streamline production, houses its own paint, and applies lean operations. These methods allow Red Rock to provide value to all its customers.

Red Rock Collision & Red Rock Auto Painting is owned and operated with over 25 years’ experience in the industry. Contact Red Rock Collision Repair & Auto Painting by calling (435) 628-7625, emailing redrockcollisionrepair.com, or visit their website at http://www.redrockcollisionrepair.com/.

Abraham Thiombiano with NAI Utah South represented the buyer, and Curren Christensen of NAI Utah South represented the seller in this transaction.