Jadian IOS Acquires 5.78-Acre Murray IOS Property From Woodland Barn LLC, Secures QXO as Tenant at Closing

MURRAY, Utah — Jadian IOS has acquired a 5.78-acre industrial outdoor storage property at 4225 S. 500 W. in Murray, Utah from Woodland Barn LLC, with Colliers announcing the transaction on Sept. 3, 2026. The deal was structured as a simultaneous sale and lease, with QXO secured as the incoming tenant before the acquisition closed, delivering immediate occupancy to the new owner.

Colliers Executive Vice President Rusty Bollow, Senior Vice President Bobby Stevens, and Associate Ethan Wallace represented both the buyer and seller, negotiating the lease agreement while the property remained under contract.

Deal Structure and Property Details

The property includes an approximately 28,000-square-foot industrial facility situated on 5.78 acres with prominent frontage along a major transportation corridor in the heart of the Salt Lake Valley. The site comprises a main building with roughly 12,040 square feet of warehouse space, 5,400 square feet of office, 5,560 square feet of showroom, 10 grade-level doors, and three drive-through bays, along with approximately 1,000 square feet of mezzanine. A detached shop on the property adds approximately 4,500 square feet of warehouse and 500 square feet of office space.

The infill location and freeway frontage drew significant interest from both investors and occupiers, according to Colliers. Assets combining industrial improvements with outdoor storage capacity remain limited in infill locations where new development opportunities are increasingly scarce, the firm noted.

"Bringing the acquisition and lease together on the same timeline required extensive collaboration among all parties and a solutions-oriented approach throughout the process," said Rusty Bollow. "We're proud to have helped our clients achieve their objectives while delivering certainty for ownership and occupancy."

Immediate Income From Day One

By securing QXO as a committed tenant at acquisition, Jadian IOS eliminated lease-up risk and positioned the asset to generate income from the outset. The concurrent structure — negotiated while the property was still under contract — reflects a deal format that has become increasingly sought after in constrained industrial markets where downtime between ownership transfer and occupancy can erode returns.

"Securing tenancy at acquisition positioned the buyer to capitalize immediately on the property's income-producing potential," said Ethan Wallace. "The ability to combine a strategic acquisition with a committed tenant from day one made this an especially attractive opportunity."

Salt Lake County Industrial Market Context

The transaction comes as Salt Lake County's industrial market continues to post relatively tight fundamentals. Colliers' second-quarter 2026 market research placed direct vacancy in Salt Lake County at 4.79%, with leasing activity described as strong and rental rates stable. Broader market data for the Salt Lake City area showed vacancy ranging from approximately 5.0% to 7.2% depending on methodology, with net absorption of roughly 530,000 square feet in the second quarter of 2026 and approximately 2.3 million square feet year-to-date. Asking rents in the market were running near $0.87 per square foot on a triple-net basis.

Industrial outdoor storage properties in infill locations have drawn sustained investor interest across the Salt Lake Valley as limited land availability constrains new supply. The combination of warehouse improvements and outdoor storage capacity on a single site is particularly valued in core logistics submarkets where the format remains undersupplied.

Colliers Brokerage Team

Rusty Bollow, Bobby Stevens, and Ethan Wallace, all based in Colliers' Salt Lake City office, handled both sides of the transaction — a dual-representation arrangement that facilitated coordination between buyer, seller, and incoming tenant on a compressed timeline.

Sources

Colliers — Colliers Facilitates Sale and Concurrent Lease of Murray IOS Property (Sept. 3, 2026)