Joshua Village

Yucca Valley, CA
Date Acquired: September, 2011| May, 2012
SF: 97,000

Joshua Village is a neighborhood retail center located in Yucca Valley in the Palm Springs metropolitan area. The center is anchored by a major national grocer and was acquired in two separate off-market transactions. This property was attractive to Presidio Property due to its strong cashflow combined with upside potential from negotiating a buy-out from an existing tenant and then re-leasing the space to a national retailer. Additionally, the center included two fast-food outparcels which Presidio Property subsequently sold to individual investors at aggressive prices.