MAG Capital Partners acquires Sage Creek at Moab
Moab — MAG Capital Partners, LLC, acquired 27 resort condominium units at 2331 Mesa Road in Moab, Utah, part of the seven-acre Sage Creek at Moab resort, with plans to develop an additional 60 units. The bank-owned real estate was purchased for an undisclosed amount, with many of the existing 48 units pre-sold prior to construction and operating as vacation rentals.
“Sage Creek is the premier destination for outdoor enthusiasts drawn to the spectacular environment in Moab,” says Andrew Gi, MAG Capital Partners principal. “As lovers of the outdoors, we intend to steward this project thoughtfully.”
Near Utah’s must-see red rock formations with views of the La Sal Mountain Range to the south, the resort is at the gateway to world-class biking, hiking, and other outdoor activities and adventure sports. It is located at the doorstep to national parks that cater to roughly 2 million visitors per year; Arches National Park and the Colorado River are within 20 minutes by car, and it is a 40-minute drive to Canyonlands National Park.
Sage Creek at Moab’s amenities includes a tiered pool with waterfalls, a grotto-style hot tub and pool house facilities that operate year-round, a community deck and patio with an outdoor fireplace, BBQ grills, outdoor showers, a Bocce Ball court, custom exterior bike storage, and gated parking for RVs and boats. The condominiums feature three full-sized bedrooms, two-and-a-half luxury bathrooms, a full-sized laundry room, and private balconies, some with private hot tubs.
“MAG Capital Partners is excited to complete construction and bring a fresh vision to Sage Creek at Moab,” says Gi. “We plan to introduce food and beverage this summer, among other facility amenities, to serve the local community and annual visitors.”
About MAG Capital Partners
MAG Capital Partners, LLC, is a private investment firm founded in 2015 by Dax T.S. Mitchell and Andrew Gi. Based in Fort Worth, Texas, the company invests in income-producing commercial real estate and small- to mid-cap operating companies located throughout the continental United States.
For more information, visit www.magcp.com.