Lucas M. Burbank
Senior Associate
Specialty:
Address:
Industrial
376 East 400 South, Suite 120
Salt Lake City, UT 84111
Phone:
Fax:
Email:
801-578-5522
801-578-5500
lburbank@naiwest.com
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Scope of Service Experience
Lucas Burbank is an Associate Real Estate Agent specializing in the acquisition, disposition, and leasing of industrial and land properties across the Mountain West. He has been involved in over 2.8 million square feet of successful building sales and leasing transactions, and over 200 acres sold since January 2009.
Lucas is a service-oriented individual who prides himself on results. Client satisfaction is his number one goal. His tireless effort to achieve bottom line results is the reason his clients return to him again and again for their real estate needs. With his understanding of technology, established processes, and abundance mentality, he is a step ahead of his competition and can produce the vital information his clients need to secure their position in the market.
Education
Following his studies at the University of Utah in Business Finance, Lucas came to NAI WEST as a member of the research team. There he studied the Industrial and Land markets full-time for over a year tracking changes to the market on a daily basis. While a member of this team he performed many market analyses, vacancy and absorption studies, and prepared the published NAI market reports. This macro perspective and market knowledge has empowered Lucas to be an up and coming specialist in the commercial real estate industry. He is an active candidate for the CCIM designation and is always pursuing opportunities to further his education.
Community Involvement
Outside of work, Lucas is actively involved in his community. He has been a volunteer at Primary Children’s Medical Center in Salt Lake City since January 2009 and sits on the Intermountain Health Care Volunteer Advisory Council which oversees 600+ volunteers throughout the IHC network. Other community organizations Lucas is involved with include his church, Toastmasters International, and CCIM Utah Chapter.
Notable Transactions Since 2009
First Park – 469,000 SF
Sun Products – 409,000 SF
Moduslink – 338,000 SF
Majestic Realty – 195,000 SF
Overstock.com – 154,000 SF
Nock Point – 148,000 SF
Papa Pita – 143,000 SF
Reef Bonneville – 127,000 SF
Intercon Incorporated – 80,000 SF
Sun Products Corporation – 72,000 SF
Stag Capital – 60,000 SF
Deseret Industries – 59,000 SF
Lehi Roller Mills – 58,000 SF
Mohawk Industries – 48,000 SF
First Industrial – 47,000 SF
Power Blanket – 42,000 SF
#1 Performance – 42,000 SF
Blue Ridge Recycling – 40,000 SF
Listings
500 South 500
West
Lindon, UT
Utah County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.38 NNN ($0.38-$0.38)
382,325 SF
382,325 SF (44,317 SF- 382,325 SF)
Industrial
900 South 3800
West
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.35 NNN ($0.35-$0.35)
354,255 SF
354,255 SF (112,000 SF- 354,255 SF)
Industrial
3400 West
California
Avenue
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.38 NNN ($0.38-$0.38)
271,057 SF
201,775 SF (16,640 SF- 201,775 SF)
Industrial
2089 Neways
Drive
Springville, UT
Utah County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$1
$0.35 NNN ($0.35-$0.35)
304,900 SF
200,000 SF (100,000 SF- 200,000 SF)
Industrial
1137 South 3800
West
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.37 NNN ($0.37-$0.37)
195,251 SF
195,251 SF (18,000 SF- 195,251 SF)
Industrial
879 South 4400
West
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$6,000,000
$0.25 NNN ($0.25-$0.25)
155,106 SF
155,106 SF (155,106 SF- 155,106 SF)
Industrial
5995 West
Amelia Earhart
Drive (200
North)
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.29 NNN ($0.29-$0.29)
514,125 SF
127,442 SF (127,442 SF- 127,442 SF)
Industrial
5445 West
Harold Gatty
Drive (575
North)
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.38 NNN ($0.38-$0.38)
243,046 SF
121,523 SF (60,000 SF- 121,523 SF)
Industrial
1415 South 3600
West
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.38 NNN ($0.37-$0.39)
100,060 SF
100,060 SF (30,000 SF- 100,060 SF)
Industrial
2525 West 1700
South
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.42 NNN ($0.42-$0.42)
64,029 SF
64,800 SF (32,400 SF- 64,800 SF)
Industrial
3400 West
California
Avenue
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.45 NNN ($0.45-$0.45)
92,331 SF
61,474 SF (20,280 SF- 61,474 SF)
Industrial
1994 South 3850
West
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.37 NNN ($0.37-$0.37)
54,434 SF
54,434 SF (54,434 SF- 54,434 SF)
Industrial
450 North 400
West
North Salt Lake, UT
Davis County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$2,412,742
$0.44 NNN ($0.44-$0.44)
41,599 SF
41,599 SF (41,599 SF- 41,599 SF)
Industrial
2323 South 900
West
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.44 NNN ($0.44-$0.44)
122,900 SF
41,462 SF (41,462 SF- 41,462 SF)
Industrial
1566 South 4650
West
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.35 ($0.35-$0.35)
130,144 SF
39,000 SF (26,000 SF- 39,000 SF)
Industrial
550 North John
Glenn Road
(6070 West)
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$2,472,750
N/A
35,325 SF
35,325 SF (35,325 SF- 35,325 SF)
Industrial
2100 West
Alexander
Street (2420
South)
West Valley City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$2,128,000
$0.38 NNN ($0.38-$0.38)
32,000 SF
32,000 SF (16,000 SF- 32,000 SF)
Industrial
2415 West
Custer Road
(1775 South)
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.45 NNN ($0.45-$0.45)
42,000 SF
23,960 SF (23,960 SF- 23,960 SF)
Industrial
2595 West
Custer Road
(1775 South)
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.37 NNN ($0.37-$0.37)
104,000 SF
23,840 SF (23,840 SF- 23,840 SF)
Industrial
2355 South 1070
West
West Valley City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.50 NNN ($0.50-$0.50)
43,629 SF
23,296 SF (6,370 SF- 23,296 SF)
Industrial
2300 South 600
West
South Salt Lake, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$1,829,920
$0.49 NNN ($0.49-$0.49)
22,874 SF
22,874 SF (22,874 SF- 22,874 SF)
Industrial
427 West
Lawndale Drive
(2500 South)
South Salt Lake, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$2,210,000
$0.50 NNN ($0.42-$0.67)
26,000 SF
17,574 SF (5,513 SF- 12,061 SF)
Industrial
2320 South 1142
West
West Valley City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.60 NNN ($0.60-$0.60)
17,500 SF
17,500 SF (6,000 SF- 17,500 SF)
Industrial
12248 South
Lone Peak
Parkway (230
West)
Draper, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.75 NNN ($0.75-$0.75)
55,348 SF
17,357 SF (4,971 SF- 17,357 SF)
Industrial
224 West
Cottage Avenue
(8750 South)
Sandy, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.47 NNN ($0.47-$0.47)
15,250 SF
15,250 SF (15,250 SF- 15,250 SF)
Industrial
351 West
Lawndale Drive
(2500 South)
South Salt Lake, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.46 NNN ($0.46-$0.46)
15,000 SF
15,000 SF (6,000 SF- 15,000 SF)
Industrial
381 West
Ironwood Drive
(2550 South)
South Salt Lake, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$1,838,550
$0.42 NNN ($0.42-$0.42)
21,630 SF
15,000 SF (15,000 SF- 15,000 SF)
Industrial
3618 West 1820
South
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.40 NNN ($0.40-$0.40)
97,582 SF
15,000 SF (15,000 SF- 15,000 SF)
Industrial
12218 South
Lone Peak
Parkway (230
West)
Draper, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.65 NNN ($0.65-$0.65)
28,319 SF
13,189 SF (13,189 SF- 13,189 SF)
Industrial
3400 West
California
Avenue
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.42 NNN ($0.42-$0.42)
122,899 SF
12,473 SF (12,473 SF- 12,473 SF)
Industrial
440 West
Lawndale Drive
(2500 South)
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$2,335,800
$0.42 NNN ($0.42-$0.42)
27,480 SF
12,400 SF (12,400 SF- 12,400 SF)
Industrial
391 West
Lawndale Drive
(2500 South)
South Salt Lake, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$1,279,250
$0.42 NNN ($0.42-$0.42)
15,050 SF
11,282 SF (4,000 SF- 11,282 SF)
Industrial
3709 West 800
South
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.50 NNN ($0.50-$0.50)
46,343 SF
10,320 SF (5,160 SF- 10,320 SF)
Industrial
1149 West 2240
South
West Valley City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.50 NNN ($0.50-$0.50)
20,940 SF
9,213 SF (9,213 SF- 9,213 SF)
Industrial
411 West
Lawndale Drive
(2500 South)
South Salt Lake, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$1,275,000
$0.34 NNN ($0.25-$0.42)
15,000 SF
9,050 SF (4,050 SF- 9,050 SF)
Industrial
3586 West 900
South
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$650,000
$0.52 NNN ($0.52-$0.52)
8,100 SF
8,100 SF (8,100 SF- 8,100 SF)
Industrial
3598 West 1820
South
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.40 NNN ($0.40-$0.40)
63,180 SF
7,500 SF (7,500 SF- 7,500 SF)
Industrial
350 West
Ironwood Drive
(2550 South)
South Salt Lake, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$811,665
$0.41 NNN ($0.41-$0.42)
9,549 SF
6,041 SF (3,997 SF- 0 SF)
Industrial
3630 West
California
Avenue (1330
South)
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.45 NNN ($0.45-$0.45)
43,615 SF
5,451 SF (5,451 SF- 5,451 SF)
Industrial
2484 West
Custer Road
(1775 South)
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.37 NNN ($0.37-$0.37)
18,145 SF
4,505 SF (4,505 SF- 4,505 SF)
Industrial
353 West
Ironwood Drive
(2550 South)
South Salt Lake, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$851,020
$0.42 NNN ($0.42-$0.42)
10,012 SF
3,842 SF (3,842 SF- 3,842 SF)
Industrial
466 West
Lawndale Drive
(2550 South)
South Salt Lake, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$2,337,500
$0.25 NNN ($0.25-$0.25)
27,500 SF
3,833 SF (3,833 SF- 3,833 SF)
Industrial
401 West
Ironwood Drive
(2550 South)
South Salt Lake, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.42 NNN ($0.42-$0.42)
12,100 SF
3,025 SF (3,025 SF- 3,025 SF)
Industrial
393 West
Ironwood Drive
(2550 South)
South Salt Lake, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$0.42 NNN ($0.42-$0.42)
12,544 SF
3,022 SF (3,022 SF- 3,022 SF)
Industrial
360 West
Lawndale Drive
(2500 South)
South Salt Lake, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$510,000
N/A
6,000 SF
0 SF (0 SF- 0 SF)
Industrial
396 West
Ironwood Drive
(2550 South)
South Salt Lake, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$999,600
N/A
11,760 SF
0 SF (0 SF- 0 SF)
Industrial
470 West
Lawndale Drive
(2500 South)
South Salt Lake, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$2,308,260
N/A
27,156 SF
0 SF (0 SF- 0 SF)
Industrial
5600 West 300
South
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Acres:
Available:
Major Use:
$17,334,049
N/A
88.550 AC
77.940 AC (1.260 AC- 56.280 AC)
Land
9800 South
Prosperity Road
West Jordan, UT
Salt Lake County
Sale Price:
Lease Rate:
Acres:
Available:
Major Use:
$1,912,393
N/A
10.330 AC
10.330 AC (0.760 AC- 10.330 AC)
Land
9400 South 300
West
Sandy, UT
Salt Lake County
Sale Price:
Lease Rate:
Acres:
Available:
Major Use:
$5,470,265 ($1,506,305-$3,963,960)
N/A
11.760 AC
9.290 AC (2.790 AC- 6.500 AC)
Land
274 West 12300
South
Draper, UT
Salt Lake County
Sale Price:
Lease Rate:
Acres:
Available:
Major Use:
$2,668,050
N/A
4.900 AC
4.900 AC (4.900 AC- 4.900 AC)
Land
15200 Pony
Express Road
Draper, UT
Salt Lake County
Sale Price:
Lease Rate:
Acres:
Available:
Major Use:
$686,941
N/A
3.320 AC
3.320 AC (3.320 AC- 3.320 AC)
Land
6200 West 700
South
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Acres:
Available:
Major Use:
$400,000
N/A
2.880 AC
2.880 AC (2.880 AC- 2.800 AC)
Land
1072 West 2200
South
Salt Lake City, UT
Salt Lake County
Sale Price:
Lease Rate:
Acres:
Available:
Major Use:
$637,283
N/A
2.660 AC
2.660 AC (2.660 AC- 2.660 AC)
Land
350 West 2700
South
South Salt Lake, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
$872,695
$8.40 NNN ($8.40-$8.40)
10,267 SF
10,267 SF (10,267 SF- 10,267 SF)
Office
1293 West 2200
South
West Valley City, UT
Salt Lake County
Sale Price:
Lease Rate:
Building:
Available:
Major Use:
N/A
$9.00 NNN ($9.00-$9.00)
13,300 SF
7,280 SF (7,280 SF- 7,280 SF)
Office