SOLD
Deal IRR/Multiple*
10%
/
1.71x
Pool
Acquisition Date
Disposition
Description
Entire Center
Leasable Space
20,173 sq. ft.
Tenants
Domino's, Force II Karate, Magical Journey Learning Center, Super Cleaners, Fashion Nails, Barefoot Pools, & Perfect Pear
Highlights
- Purchased at 50% of replacement cost
- 68% occupancy at date of purchase in strong retail area of affluent Ahwatukee Foothills neighborhood
- Avg household income of over $135,000 in 3-mile radius
- Strong population growth and household income growth rates
- Negotiate deed-in-lieu of foreclosure
