The Property

• Purchased for $19,300,000 in November of 2016.

• 72,000 square foot shopping center, including a Walgreen’s on a long-term lease.

• Negotiated a complex off-market transaction.

• 74% leased at purchase, including a vacant anchor box.

The Results

• In less than 2 years, signed leases to bring the occupancy to over 95%,

• Increasing the NOI by 28%

• Executing a parcelization strategy to sell the Walgreen’s

• Stabilizing remaining asset to a 10% capitalization on costs