pacific west land
 

PACIFIC WEST DISTRESSED ASSET FUND

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
The Shops at Warm Springs - SOLD

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Location 7150 S Durango Drive, Las Vegas, NV
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Acquisition Date December 2010
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Total Investment $6,500,000
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Square Feet 35,242
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Tenants Include Wells Fargo, Popeyes, Quiznos
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Highlights
Traffic counts average 43,000 per day
Close proximity to I-215
Hard corner of a strong retail intersection
Subject property 72% occupied
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Disposition
Sold Sinclair Gas Station ground lease July 2011 for $1.4M
Sold Wells Fargo ground lease July 2011 for $3.55M
Sold Putter’s restaurant building July 2011 for $700k
Sold 99–year ground lease to SBA Communications cell tower September 2011 for $260k
Sold south shops building April 2013 for $3.195M
Sold north shops building July 2014 for $3.025M
Multiple - 1.49x
Gross IRR - 33.93%

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