DRAPER, UT-Security National Financial Corporation has completed the purchase of a class-A office building, known as Wasatch 16,” located in Draper, a suburb of Salt Lake City. With this purchase, the company continues to expand its holdings of commercial office space in the Salt Lake City market.
Wasatch 16 has a total space of approximately 80,000 square feet with a current occupancy rate of 92%.
Security National says it purchased the building “at an attractive price” and and expects a favorable overall return rate.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
