Wick Willo Mall

Value Add Component: This asset is just under 80% occupied, allowing a new owner to benefit from lease up efforts and extending leases as they come due.
Short Term Leases & Lease Conversion: This property benefits from having short term leases and MG or G leases, giving a new owner the opportunity to add value through out the short term, while clawing back hundreds of thousands in expenses.
Limited Day One Capital Expenditures: Owner has recently completed new exterior paint jobs, cosmetic façade improvements, and much more; drastically lowering a new owners day one capex requirements.
Well Below Replacement Cost: At below $50 PSF offering price, this asset is drastically below replacement cost. Estimated costs to build similar product in today’s climate would be between $250 350 psf.
Strong Area Demographics: This asset is positioned in the heart of a very dense and high demographic trade area. With over 130,000 people and over 61,000 homes within a 5 mi radius. This asset supports a market with a strong daytime population and heavy car traffic.

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