| For leasing information click here |
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| Location |
13610 N. Scottsdale Road, Scottsdale, AZ |
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| Acquisition Date |
June 2011 |
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| Total Investment |
$6,400,000 |
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| Square Feet |
67,441 |
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| Tenants Include |
Edward Jones, Jack in the Box |
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| Highlights |
| Value-add opportunity |
| Premier retail corner on Scottsdale & Thunderbird in North Scottsdale |
| Average household income of $119,586 within 5 miles |
| Proximity to Scottsdale Airpark, the second largest employment center in metropolitan Phoenix |
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| Since Acquisition |
Jack-in-the Box lease sold for $1.4 M |
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| Planned Disposition |
| Aggressive rent reset in prime retail area will increase occupancy to support future disposition |
| Cosmetic upgrades to property will enhance property’s image and attract new tenants |
| Lease up vacant space and hold 4-6 years |
| Sell to an income-oriented investor |
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