Northern Crossings
7800 N. 55th Avenue
Glendale, AZ
Built: 2007
Acquired: April 2010
Size: 13,720 square foot multi-tenant shopping center
Anchor: Super Wal-Mart and Lowes
Occupancy: 85% including a mix of national, regional and local tenants
Investment Strategy: Acquired at a compelling valuation due to external factors affecting owner
Annualized Distribution: 8.65%
Date Sold:July 2013
Investor IRR: 25%