SOLD
Deal IRR/Multiple*
/
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, Anointed 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
