pacific west land
 

 

PWDAF

Pacific West Distressed

Asset Fund, LLC

 

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
McClintock and Elliot - SOLD

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Location 1525 East Elliot Road, Tempe, AZ
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Acquisition Date April 2011
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Total Investment $660,000
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Square Feet 6,000
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Highlights
Purchased at ~55% of replacement cost
Adjacent to M&I Bank
0% occupancy on date of purchase
Shadow anchored by Safeway
Site is located within one mile of 101 freeway
Over 375,000 residents within a 5-mile radius
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Disposition
Sold January 2014 for $1,275,000
Multiple - 1.86x
Gross IRR - 25.3%

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