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6/13/22
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MAG Capital Partners LLC, acquired 27 resort condominium units at 2331 Mesa Road in Moab, UT, 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 now operating as vacation rentals.
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 two 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 include a tiered pool with waterfalls, a grotto-style hot tub and pool house facilities that operate year-round, community deck and patio with 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.
“Sage Creek is the premier destination for outdoor enthusiasts drawn to the spectacular environment in Moab,” said Andrew Gi, MAG Capital Partners principal. “MAG Capital Partners is excited to complete construction and bring a fresh vision to Sage Creek at Moab.”
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