After months of rumors and a failed attempt to buy a different building, U.S. Immigration and Customs Enforcement bought a massive warehouse in Salt Lake City last week at a price that one local industrial expert called “unheard of.”
On March 11, ICE agreed to pay $145.44 million to buy the vacant warehouse in Poplar Grove and the Northwest Quadrant area totaling over 833,000 square feet. The property covers 24.93 acres of land at 6020 W. 300 South, according to county property records.
County property records list the estimated value of the building at $97,369,800, meaning the government paid $48 million over its estimated assessed value, though historically assessed values lag true market rates…