SOLD
Deal IRR/Multiple*
/
1.89x
Pool
Acquisition Date
Disposition
Description
Entire Center
Leasable Space
27,205 sq. ft.
Tenants
H&R Block, Sears Home Appliance, Edible Arrangements, Payless Shoes, Sports Clips, Check into Cash, Once Upon a Child, Build-A-Bike, NYPD Pizza, Attitudes Salon, ED Marshall Jewelers, C&A Nails
Highlights
- Strong national tenants at intersection in prime retail corridor along Bell Rd
- Easy access to Route 303 and US-60
- Area tenants include Target, Lowe’s, Home Depot, and others
- Purchased non-performing note from a special servicer
- Negotiated deed-in-lieu of foreclosure
