Monday, March 19, 2007

BoDo Urban Lifestyle Center - Downtown Boise, Idaho

Equity Investment Starting At $500,000

Quick Facts:

  • Purchase Price: $30,004,735
  • Cap Rate: 7.04%
  • Projected Cash-on-cash return: 7.00%
  • Property Type: Retail

BoDo Urban Lifestyle Center (“BoDo”) is an attractive, newly-developed, three-building, 116,428-sq.-ft., pedestrian-friendly, retail and entertainment center located in Downtown Boise, Idaho. BoDo is part of the 450,000-sq.-ft. Boise Downtown mixed-use project, a vibrant urban center located at the busiest intersection in Idaho. BoDo sits in a prime location immediately south of Grove Plaza, Downtown’s premier financial center and is only a few blocks from Idaho’s State Capitol. The project is surrounded with ample parking and public transportation.

BoDo is currently 93% leased to an upscale and highly-recognized tenant roster that includes Office Depot, P.F. Chang’s, Jos. A. Bank, Urban Outfitters, Levi’s, White House/Black Market, Ann Taylor Loft, Tully’s Coffee, and Regal/Edwards Cinemas. The mixed-use project also includes a new 180-room Hampton Inn & Suites, and many other upscale restaurants and retail stores.

If you'd like details for this property, including a property summary and due diligence documents, let me know and I'll have them sent to you immediately.

Douglaston Day Center - Atlanta, Georgia

Equity Investment Starting At $200,000

Quick Facts:

  • Purchase Price: $9,200,000
  • Loan to Value: 75%
  • Cap Rate: 7.29%
  • Projected Cash-on-cash return: 7.02%
  • Property Type: Retail

Douglasville Day Centre (“DDC”) is a newly-constructed, strip-retail center located in the Atlanta-metro region of northwest Georgia. DDC is located at a diamond interchange along I-20 which provides great access to the property. DDC is across the street from the main entrance to the Arbor Place Mall, a 1.2-million-sq.-ft. regional mall that opened in 1999. It is the only mall serving the western suburbs of Atlanta and is a huge draw for retail consumers boasting a trade area population of more than 700,000. The average household income within one mile of DDC is over $70,000.

DDC is currently 100% leased. Significant tenants include Starbucks, Verizon, Prudential Georgia Realty, and First Choice Community Bank. Other tenants at the center include McDonalds, Panda Express, Texas Roadhouse, and Carrabba’s Italian Grill.

If you'd like details for this property, including a property summary and due diligence documents, let me know and I'll have them sent to you immediately.