| For leasing information click here |
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| Location |
4840 Fort Apache Road, Las Vegas, NV 89147 |
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| Acquisition Date |
August 2010 |
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| Total Investment |
$3,210,000 |
|
| Square Feet |
15,074 |
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| Tenants Include |
Arby’s, Jack in the Box |
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| Highlights |
| Face value on the note of over $6M |
| 61% occupancy at date of purchase in strong retail area with solid national tenants and high-traffic exposure |
| Jack-in-the Box lease sold for $1.75 M |
| Arby’s lease sold for $1.37 M |
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| Disposition |
| Basis on remaining 8,990 square feet of rent-producing space is ~$10 / square foot |
| Lease up and sell to an income-oriented investor |
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