Case Studies

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University Marketplace

Opportunity

• Acquired a 125,704 sqft shopping center in Pembroke Pines, FL.


• Property had severe deferred maintenance, and 15% vacancy.


• Leased up vacant space at market rents.

•  Purchased property in 2014 for $12.5MM plus closing costs, property sold in 2017 for $21.25MM.

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Hobby Lobby

Opportunity
• Acquired a 3.5 Acre land with 99-Year Land Lease from Macy’s with an option to purchase at anytime at a pre-negotiated price in 2013.

• Opportunity to purchase land for $3.73MM (appraised for $5MM in 2015) and build store for $6.27MM

• Leased the property to Hobby Lobby on a long term NNN lease.

 

• Property located on the NE corner of NE 103rd St. (W 49th St), and 19th Ave. in Hialeah, FL.

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Arena Shops I

Opportunity
• Acquired a 126,051 sqft vacant Wal-Mart building in North Lauderdale, FL.


• Property vacant with no deferred maintenance.


• Leased spaces to Ross Dress For Less, Elegant Beauty Supply, Dollar Tree, Rainbow, Cr8tive Outfitters, and You-Fit, all which are national tenants.


• All Tenants are open for business and doing well.