Mega-retailer Walmart purchased a massive Salt Lake City warehouse with over 1 million square feet of space, according to a May 8 news release from Cushman & Wakefield, which represented Walmart in the transaction.
The building is a 1,032,248-square-foot Class A distribution building located on roughly 60 acres of land at 990 N. 6550 West. The building was developed in 2022. Walmart had previously been leasing the property, but the purchase reflects the company’s long-term goals for the area.
“Walmart’s acquisition and commitment further reflects the continued positive sentiment momentum that occupiers and investors, alike, maintain for the strategically positioned Salt Lake City industrial market,” said Jeff Chiate, executive vice chairman of the Industrial Advisory Group for Cushman & Wakefield. “The area also features many other large, leading global corporate brands across several industries.”
The building is just one of the facilities that make up the Salt Lake City Global Logistics Center, a sweeping complex that’s located near both Interstate 80 and the Salt Lake City International Airport. The logistics hub is also near the Union Pacific Intermodal Hub, the news release says.
“The property is ideally situated along the I-80 corridor in the heart of Salt Lake City’s Northwest Quadrant, the largest and most sought-after industrial submarket in Utah,” said Will Strong, Cushman & Wakefield’s executive vice chair. “The location is a half-day’s drive to reach ±63 million people, including most of the Western US and all its major ports, and within a day’s drive of nearly ±150 million people, or 45% of the US population.”
Cushman & Wakefield’s latest report from Q1 2025 indicates the industrial vacancy rate in Salt Lake City is 6.6% — a healthy metric for the market.
Salt Lake City’s industrial real estate market continues to be dominated by the Northwest Quadrant — largely because it’s one of the only areas of the city with land to spare. However, Salt Lake City could soon annex around 1,300 acres of land in the coming weeks as part of the Northpoint annexation plan, and city officials have already noted that the area is ripe for light industrial development.
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