MURRAY, UTAH—Security National Financial Corporation (SNF) has acquired a two story commercial office building located at 5201 South Green Street in Murray, Utah. The building is approximately 40,000 square feet of office space, which is currently 75% vacant. With comparable office space in the immediate area at approximately 85% occupancy, the company believes the outlook for the property is very positive.

The attractive location of the office building and the expanding commercial growth in the Greater Salt Lake Area are contributing factors to the anticipated success of the office building in obtaining a competitive occupancy rate in the near future, SNF said in a statement. The property may be used for expansion of the SNF's existing operations, relocation of current tenants or rented at favorable market rates. This acquisition adds to SNF's nearly 20 acres of office and land holdings in the immediate area, and will be part of an anticipated redevelopment project at a future date.

Garrett Sill, Acting CFO of SNF, noted: “We are very pleased that we were able to acquire this building and land which is adjacent to our corporate offices. This purchase gives the company additional frontage on I-15 and increases our land holdings in this area by almost 15%. This area of the Salt Lake Valley is seeing economic growth, and we are confident in our ability to lease the vacant office space and achieve an acceptable yield on this purchase.”