July 2, 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


Martin Plaehn

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

In the Lab

Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

A Breath of Fresh Air

Worst-Case Scenario

Regional Report
Northern Utah

Measure Up

Industry Outlook
Travel & Tourism



Security National Financial Corporation Buys Office Building

Press Release

July 2, 2013

Draper — Security National Financial Corporation announced the completion of the purchase of a class-A office building, known as Wasatch 16, in Draper, Utah, a suburb of Salt Lake City.

Wasatch 16 has a total square footage of approximately 80,000 square feet with a current occupancy rate of 92 percent. In the past six months, the Security National has increased its corporate real estate holdings by over 450,000 square feet.

As the market for quality commercial office buildings continues to show an increase in overall returns, Security National anticipates continued growth in this area in the future. “Purchasing the Wasatch 16 commercial office building was a tremendous opportunity to acquire an institutional-quality asset at a favorable cap rate,” said Bryce Baker, manager of corporate real estate. “The stabilized asset was acquired below replacement cost in a submarket of the Greater Salt Lake City area that is currently experiencing low vacancy rates.“

Utah Business Social
UB Events View All
Utah Employers Healthcare Summit and Healthcare Heroes Utah Business Event
Oct 6, 2015
The Utah Employers Healthcare Summit is a gathering of all of the major employers, healthcare pro...
Twenty in Their 20sUtah Business Event
Nov 5, 2015
Meet the young and ambitious professionals who are taking the business world by storm! The honore...
Sustainable Business Awards Utah Business Event
Nov 19, 2015
Utah Business magazine is pleased to announce the Utah Sustainable Business Awards. This program ...
Community Events View All
9th Annual CHINA Town Hall: Chinese Investment in the United States
Oct 5, 2015
CHINA Town Hall is a national day of programming on China involving 70 cities throughout the Unit...
Oct 6, 2015
Link to tickets: https://www.eventbrite.com/e/secrets-to-financing-your-business-tickets-18611033...

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:
* Event Description: