Commercial Property Management
Wasatch's hallmark acquisition occurred in 2001 when it purchased the Wells Fargo Center, a 600,000 square foot class-A office building located in the heart of Salt Lake City's central business district and home to Wasatch's Salt Lake City offices.
Wasatch invests in undervalued office and retail properties in well-located markets where the asset value has deteriorated due to inadequate management systems, underfunded capital maintenance/repair, and over-leveraged or inadequately structured financing.
Capital funding for our acquisitions typically occurs via direct investment from our family of investment partners coupled with appropriately leveraged financing. Our investment approach with each acquisition focuses on the creation of sustainable, growing streams of cash flow for our investors.
RECENT WASATCH ACQUISITIONS INCLUDE:
76,165 sq. ft.
1000 Aviara Parkway
Carlsbad, CA 92011
1000 Aviara is part of a 21-acre, master-planned corporate office park in Carlsbad, California. The project is less than a mile east of Interstate 5 near the Park Hyatt Resort & Spa at Aviara and boasts commanding views of the City of Carlsbad's new municipal golf course.
CORNERSTONE CORPORATE CENTER
179,900 sq. ft.
1900, 1902, 1903 Wright Place
and Palomar Oaks Way
Carlsbad, CA 92008
Cornerstone Corporate Centre is a four building multi-tenant office park located in the City of Carlsbad in San Diego County. The project contains 179,900 rentable square feet and is situated on approximately 14.19 acres located between Interstate 5 and El Camino Real.
PALOMAR HEIGHTS CORPORATE CENTER
68,860 sq. ft.
5857 Owens Avenue
Carlsbad, CA 92008
Palomar Heights Corporate Center is a multi-tenant three story class "A" office building located in Carlsbad, California. The project contains 67,860 rentable square feet and is situated on an approximately 4.24 acres located at the highly visable and signalized intersection of Palomar Airport Road and Camino Vida Roble.