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American Biotech Labs Acquires New Facility

Tel Electronics Sells American Fork Location
September 6, 2011
American Biotech Labs purchased the office/warehouse building at 705 E. Main St. in American Fork, UT, from Tel Electronics for $890,000, or about $59 per square foot. The locally based biotech firm has already taken occupancy.

The 15,004-square-foot building was constructed in 1985. It is in the Utah County Industrial submarket.

Daniel Nelson of Highland Commercial Inc. represented the seller. Dale Kinsey, an independent broker, represented the buyer.

Please see CoStar COMPS #2160387 for more information on this transaction.
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