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Private Trust Sells Wells Fargo Bank Branch in Lindon

Seattle-based Investor Pays $2.7M for NNN Investment
February 21, 2018
Hyde Family Living Trust sold the 7,698-square-foot Wells Fargo financial services building in Lindon, UT, to a private investor for $2.7 million, or approximately $350 per square foot.

The single-story bank branch at 639 N. State St. is leased to Wells Fargo Bank on an absolute triple-net ground lease basis. The 15-year lease expires in October 2023, according to CoStar’s data.

Mark Ruble and Jamie Medress of Marcus & Millichap represented the Seattle-based seller. Daniel Chhan, also of Marcus & Millichap represented the buyer.

For more information on this transaction, please refer to CoStar COMPS #4121150.
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