Northern Crossings
4401, 4405 and 4409 East McKellips Road
Mesa, AZ
Built: 2006
Acquired: April 2009
Size: 14,691 Square foot multi-tenant building
Anchor: Super Wal-Mart
Occupancy: 100% since acquisition including Next Care, H&R Block, JP Morgan Chase, Starbucks, Jamba Juice, Café Mix and 2B Wireless (exclusive T-Mobile dealer)
Investment Strategy: Acquired at a compelling valuation due to external factors affecting owner
Annualized Distribution: 10%
Date Sold: December 2012
Investor IRR: 31%