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  Arbor Hills Apartments
University Plaza
1801 N. Walnut St.
Ellensburg, WA

10,000 sf retail center
Strategy: Hold
Acquired: June 2007
Status: Own
 
     
Investment Highlights
University Plaza is a stable, 100% leased retail property strategically located on a well-travelled intersection of Walnut Street and 18th Avenue, adjacent to the Central Washington University campus. Built in 1997, the property requires minimal annual capital expenditures and excellent curb appeal. Retailers include a grocer/deli, laundromat, and restaurant, providing amenities in demand on the college campus.
All leases have annual CPI escalations, and are for staggered lease terms ranging from 4-10 years. Stable NOI and minimal capital expenditures provide consistent equity yields and the opportunity for continued investment appreciation.
 
 
 
         
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