Mountainview Marketplace is an established, leading community shopping center that has served the trade area for over 20 years.

This daily-needs center is anchored by Walgreens, and a brand-new, state-of-the-art Vasa Fitness co-anchor which just entered into a 15-year lease.

The asset features long term historical occupancy and an excellent pattern of tenant renewal for established tenants.

Within the past 12 months the center has undergone a major renovation and substantial capital improvements. Major improvements on the physical plant include a new roof on approximately 90% of the GLA, high impact new exterior painting, new landscaping elements, upgraded LEED lighting in the common areas, extensive parking lot improvements including slurry and stripping, and numerous HVAC units.

233 basis points (9.75% proforma capitalization rate) of upside achievable on lease up of the currently vacant space including all costs to reach full occupancy (budgeted leasing commissions/TIA/Tenant improvements)

Unlevered IRR on a 10-year hold equals 11.43% ; Levered IRR on a 10-year hold equals 20.40% (Argus model available. Please contact Agent for details)

Void analysis /market studies/ and below market occupancy rates indicate excellent prospects for lease up of vacant suites