Iron Springs Plaza- Prescott, AZ

Iron Springs Plaza is a 13-unit retail shopping center located in Prescott, Arizona. Over the 18-month life of the investment, we took the property from 38% occupancy to 100%. We also did extensive renovations to the property, including a complete face lift of the facade, new monument sign, new awnings, and repair of the parking lot among other improvements. We sold the property for more than three times our purchase price due to repositioning through increased occupancy and upgrades! We have since dispositioned this asset and it is no longer in our portfolio.