SOLD
Deal IRR/Multiple*
28%
/
1.67x
Pool
Acquisition Date
Disposition
Description
Office Max
Jack in the Box
Entire Center
Leasable Space
68,183 sq. ft.
1.325-acre Ground Lease
Tenants
Sally Beauty, Cricket Wireless, Church's Chicken, Nail Salon, Phoenix Healing, Annointed Hands, Clothing Company, Cigna, Parabellum, Rainbow USA, Carniceria, Dentist, Li's Bowl, Smoke Shop, & Long Wong's
Highlights
- Non-performing note purchased at 65% of physical replacement cost
- Face value on the note of $15.4M
- 71% occupied at purchase
- Walmart shadow anchor
- Area population growth of 14% per year for 10 years
