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
Pepper Ridge Plaza - SOLD
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Location 18409 N Cave Creek Road, Phoenix, AZ 85032
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Acquisition Date July 2010
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Total Investment $1,805,000
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Square Feet 19,818
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Highlights
Benefits from an Albertsons anchor, Walgreens and Burger King pads
Developed residential area in north Phoenix with easy access to Route 101 and Route 51
The intersection sees traffic counts of 49,400 VPD on Union Hills and 60,400 VPD on Cave Creek
Strong area demographics
Purchased property out of foreclosure at trustee sale
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Disposition

Sold May 2015 for $1.9M

Multiple - 1.06x

Gross IRR - 1.30%

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