pacific west land
 

PACIFIC WEST DISTRESSED ASSET FUND

Ahwatukee Hills - SOLD
Cave Creek Plaza - SOLD
Desert Bloom Plaza - SOLD
Foothills Park Plaza - SOLD
Laveen Village - SOLD
McClintock and Elliot - SOLD
Oasis at the Islands - SOLD
Pepper Ridge Plaza - SOLD
The Plaza in Scottsdale - SOLD
Shops at Tatum & Dynamite - SOLD
Shops at Warm Springs - SOLD
Siena Canyon Square - SOLD
Sunset Commons - SOLD
Village at Surprise - SOLD
Walmart Country Club Shops - SOLD
  From the Pacific West Distressed Asset Fund, LLC
Desert Bloom Plaza - SOLD

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Location 4455 E. Tropicana, Las Vegas, NV 89120
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Acquisition Date June 2010
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Total Investment $340,000
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Square Feet 5,099
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Tenants Include Check City, Golden Cake Bakery, Tacos El Compita
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Highlights
Purchased at ~33% of replacement cost
57% occupancy on date of purchase
Located between I-95 and Route 515 with high traffic counts and residential area

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 Disposition
Sold November 2013 for $780,000
Multiple - 2.27x
Gross IRR - 29.96%

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