| For leasing information click here |
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| Location |
1241 E. Chandler Boulevard, Phoenix, AZ 85048 |
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| Acquisition Date |
August 2010 |
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| Total Investment |
$2,016,000 |
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| Square Feet |
20,173 |
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| Highlights |
| Purchased at 50% of replacement cost |
| 68% occupancy at date of purchase in strong retail area of affluent Ahwatukee Foothills neighborhood |
| Average household income of over $135,000 in 3-mile radius |
| Strong population growth and household income growth rates |
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| Disposition |
| Negotiate deed-in-lieu of foreclosure |
| Invest in tenant improvements |
| Lease up to 85% in 4 years |
| Sell to an income investor in a healthier market |
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