WEST JORDAN, UT-BH Properties of Los Angeles has sold a 363,000-square-foot warehouse complex at 9669 Prosperity Rd. to KPFN Properties LLC for $12.75 million in a deal that was “a testament to the patience, resources and expertise it takes on all sides to operate successfully in today’s commercial real estate market,” according to BH Properties executive vice president Steve Jaffe. A tenant bankruptcy and the state’s condemnation of part of the property were just some of the challenges to getting the deal done, according to BH.

The warehouse was exclusively occupied by Sportsman’s Warehouse until the company filed for bankruptcy protection last year. Since emerging from bankruptcy, the tenant has cut its occupancy at the West Jordan property by half, and the new owners have leased the remaining half of the warehouse to Integracore, a logistics firm.

The sale became complicated when the Utah Department of Transportation condemned a portion of the complex including several bunker type structures that were related to the Sportsman’s Warehouse use of the property (which had to be replaced by new adjacent parcels purchased as part of the transaction). The transaction also included assumption of the existing CMBS financing.

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