SOLD
Deal IRR/Multiple*
/
1.06x
Pool
Acquisition Date
Disposition
Description
Entire Center
Leasable Space
19,818 sq. ft.
Tenants
Papa John's, MetroPCS, Cost Cutters, Smoke 4 Less, Nail Salon, North Valley Bicycles
Highlights
- Benefits from an Albertsons anchor, Walgreens and Burger King pads
- Developed residential area in north Phoenix with easy access to Route 101 and Route 51
- Heavy traffic on Union Hills (49,400 VPD) and Cave Creek (60,400 VPD)
- Strong area demographics
- Purchased property out of foreclosure at trustee sale
