Boulder Net Lease Funds LLC acquired a single-tenant office building totaling 151,172 square feet in Clearfield, Utah.

The value of the transaction was $22.9 million.

The property is located in the Davis County area of Salt Lake City. The asset is a class A, multistory office building situated on approximately 13.6 acres of land.

At the time of sale, the property was net leased to Northrop Grumman.

Boulder Net Lease Funds LLC is a national investor in net-leased properties.

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