April 30, 2013

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

Security National Financial Corporation Acquires Office Building

Press Release

April 30, 2013

Salt Lake City—Security National Financial Corporation announced today the acquisition of a two-story commercial office building located at 5201 South Green Street in Murray. The building has about 40,000 square feet of office space, which is currently 75 percent vacant. With comparable office space in the immediate area at approximately 85 percent occupancy, the company believes the financial outlook for the property is very positive.

The company believes 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. The property may be used for expansion of the company’s existing operations, relocation of current tenants or rented at favorable market rates.

This acquisition adds to Security National’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 chief financial officer of SNFC, said, “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 percent. 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.”

Utah Business Social
UB Events View All
CEO of the YearUtah Business Event
Mar 20, 2015
Utah Business Magazine and Presenting Sponsors - Holland & Hart and Newmark Grubb ACRES - are pro...
Job Summit 2015Utah Business Event
Apr 10, 2015
Position your company as a Premier Employer in today's competitive job market! Utah Business maga...
30 Women to WatchUtah Business Event
May 21, 2015
Utah Business magazine and Snell and Wilmer are proud to announce the 18th annual 30 Women To Wat...
Community Events View All
CEH - Certified Ethical Hacker
Mar 4, 2015
Learn to hack like a pro, while pleasing the boss! The ethical hacker is usually a trusted employ...
Intermountain Sustainability Summit
Mar 5, 2015
The Intermountain Sustainability Summit aims to bring together civic leaders, sustainability prof...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel