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Security National Financial Corp Acquires Office Building


Monday, 29 Apr 2013 11:14am EDT 

Security National Financial Corp announced the acquisition of 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 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. Terms of the transaction were not disclosed. 

Company Quote

5.94
1.1 +22.73%
19 Dec 2014