Highlights

• 9.5% Capitalization Rate
• Credit Tenants: Big 5, Olive Garden, Aaron Brother's, Union Oil
• Across From Westfield's - Oakridge Mall

• Strong Historical Occupancy
• Rental Increases & Upside
• No Management Fees - Professional Partner Managed

Description

Touchstone Commercial Partners, Inc is proud to offer a 1/3 partnership interest in the Winfield Shopping Center. The offering provides an investor the opportunity to purchase a 1/3 partnership interest in the original partnership that developed the property in 1973. The partnership owns the improvements and controls the land via ground lease with a first right of refusal. The ground lease expires in 2027. The partnership continues to operate the property with many of the original tenants. The historically low vacancy suggest continued predicable cash flow. The nature of the investment may provide significant tax depreciation, generating attractive after tax cash flow and full return of invested capital in approximately ten years. The net operating income is projected to increase due to fixed rental increases and renewing leases with under market rent.

The Winfield Shopping Center is fully occupied and is located in a prime retail corridor of San Jose, California at the signalized intersection of Winfield Boulevard and Blossom Hill Road. In addition to the credit tenants located at the site, the subject property is directly across the street from Westfield' s Oakridge Mall which is anchored by Macy' s, Target, and Nordstom. The Winfield Shopping Center is anchored by Big 5 Sporting Goods, Olive Garden, Aaron Brothers, and Union Oil (76 Gas Station).