Alturas Capital Partners Acquires Sandy Commerce Park Office Building For $13M | 9490 South 300 West | Will Haass, Mark Root | Office | Loan

Summary

Loan

UTAH

Office

121,197 sqft

Alturas Capital Partners LLC has successfully secured a $13 million, five-year acquisition loan from Symetra Life Insurance for the purchase of Sandy Commerce Park. This Class A office building, located at 9490 South 300 West in Sandy, Utah, spans a total area of 121,197 square feet.

Summary of transaction details

Property Type: Office
Transaction Amount: $13,000,000
Lender: Margaret A. Meister - Symetra Life Insurance
Landlord: Alturas Capital Partners LLC
Brokers: Mark Root & Will Haass - JLL

The loan provided by Symetra Life Insurance has allowed Alturas Capital Partners LLC to acquire Sandy Commerce Park. This strategic financing arrangement demonstrates the confidence in the property's potential and the parties involved in the deal.

Players

All
3

Agents
2
Agencies
1

Details

Deal Summary

FINANCED

IMAGE: Mark Root & Will Haass DATE: 11/29/2023 ADDRESS: 9490 South 300 West MARKET: Sandy, UT ASSET TYPE: Office ~ SF: 121,197 LENDER: Margaret A. Meister - Symetra Life Insurance LANDLORD: Alturas Capital Partners LLC BROKERS: Mark Root & Will Haass - JLL LOAN AMOUNT: $13,000,000 LOAN TYPE: Acquisition LOAN TERMS: five-year acquisition loan NOTE: Alturas Capital Partners LLC secured a $13 million, five-year acquisition loan from life insurance company Symetra for the purchase of Sandy Commerce Park, a 121,197-square-foot Class A office building in Sandy, Utah.

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Address9490 South 300 West

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