The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.
CrowdStreet has announced its latest real estate investment opportunity for membership interests in Village East Retail Partners, LLC, a 135,477-square-foot shopping center in Salem, Oregon. The sponsor expects a 15.1% target return from the deal.
Latest Offering: Village East is a retail commercial property and sits at the crossroads of Lancaster Drive NE and Sunnyview Road NE. The asset has 16 tenants at the moment, with a weighted average lease term of 4.6 years. At 82% occupancy, the property provides stable cash flow with significant upside potential through lease-up opportunities.
Investment Highlights: Potential investors can invest up to $3,500,000 in Village East Retail Partners, LLC membership interests. The company will use the proceeds to acquire a 100% ownership interest in Village East Property Owner, LLC, the lessor.
The sponsor aims to acquire, renovate, lease up and eventually sell the Village East Shopping Center. The sponsor is putting up $810,000 of the total equity investment of $8,000,000. Some of the key tenants include Ross, Big 5, La Tapatia and Five Guys.
- Minimum Investment: $25,000
- Target Investor IRR: 15.1%
- Target Equity Multiple: 1.8x
- Target Average Annual Cash Yield: 10.8%
- Investment Term: 5 Years
Deal Sponsor: U.S. Realty Partners is a real estate investment firm expert handling the acquisition, asset management, development and redevelopment of high-quality retail buildings in important market areas across the western United States. The company owns 15 retail properties reaching over 2 million square feet of total leasable area.
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Photo: Courtesy of CrowdStreet.
The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.
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