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
Village at Surprise - SOLD
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Location 13980 W. Bell Road, Surprise, AZ
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Acquisition Date February 2011
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Total Investment $3,100,000
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Square Feet 27,205
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Tenants Include Payless ShoeSource, H&R Block
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Highlights
Strong national tenants at intersection in prime retail corridor along Bell Road
Easy access to Route 303 and US-60
Area tenants include Target, Lowe’s, Home Depot, Barnes & Noble, Best Buy, PetSmart, Office Max, and others
Purchased non-performing note from a special servicer
Negotiated deed-in-lieu of foreclosure
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Disposition
Sold April 2013 for ~$6.01M
Multiple - 1.89x
Gross IRR - 36.71%
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