pacific west land
 

PACIFIC WEST DISTRESSED ASSET FUND

Ahwatukee Hills - SOLD
Cave Creek Plaza
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
Shops at Tatum and Dynamite - SOLD


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Location 28255 N. Tatum Blvd, Cave Creek, AZ 85331
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Acquisition Date December 2010
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Total Investment $1,250,000
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Square Feet 8,725
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Tenants Include Laveen Dental, Summit Chiropractic Health Center, Mugsies Barber Shop
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Highlights
Purchased at 72% of replacement cost
26% occupancy on date of purchase
Adjacent to M&I Bank
Median household income over $100,000 within one mile of property
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Disposition
Sold December 2014 for $1,900,000 with hold back on future rent
Multiple - 1.41x
Gross IRR - 9.16%
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