SOLD
Deal IRR/Multiple*
/
1.49x
Pool
Acquisition Date
Disposition
Description
Wells Fargo Bank
Sinclairs
Putters
SBA Communications
Shops B (Southern Bldg)
Shops A (Northern Bldg)
Leasable Space
48,581 sq. ft.
Tenants
Cricket Wireless, Title Max, Volcano Grill, The Griddle, Freedom Industries, Beyond Nails & Spa, Quick Draw
Highlights
- Non-performing note purchased at below physical replacement cost
- Face value on the note of $2.678M
- Heavy traffic on Country Club Dr (48,600 VPD) and Baseline Rd (30,800 VPD)
- Walmart shadow anchor
