- Acquired in 2014
- Purchase Price of 860,000
- Square Footage of 22,988
- Property was refinanced in 2015 and investors received 137% of their investment back within 18 months of purchase
Gateway Investment Partners acquired the Frankfort Plaza retail strip at a time when the property was only 23% occupied. Through various improvements to the site and an aggressive leasing strategy, Frankfort Plaza now is 92% occupied with strong cash flow returns to investors.
The site, built in 2008, is roughly 23,000 SF with 7 distinct tenants and 166 parking spaces.