Cave Creek Marketplace

20235 N. Cave Creek Road
Phoenix, AZ 85024

Built: 2005
Acquired: April 2011
Size: 22,622 square foot multi-tenant retail building
Anchor: Costco
Occupancy: 100% since acquisition, including AT&T, The Coffee Bean & Tea Leaf and The UPS Store
Investment Strategy: Retaining regional and national tenants while upgrading local tenant mix; and raising rents over time or when leases expire
Annualized Distribution: 17.33%