Scenic Square Shopping Center

Scenic Square Shopping Center | Snellville, GA | Retail | Fund I

Scenic Square is a 70,060 square foot retail strip center located in Snellville, Georgia. Fund I acquired title to the 20.87% vacant property by negotiating deed-in-lieu of foreclosure with the prior owner. Fund I was able to execute its plan of adding value by increasing the occupancy to 91.86%. The eventual sale price was $4,515,000, 86.96% higher than the original note purchase.

Acquisition: Non-Performing Note
Duration of ownershop:  29 months
Equity Multiple: 2.15*
Gross Return: 43.36% IRR*

DISCLAIMER:

Past performance is not indicative of future results and there can be no assurance that Viking Partners Fund III will achieve comparable results.
*All amounts are reported on a Gross Basis, before fees to Viking Partners.