The Deal

The principals of Guardian Equity Growth have recently acquired McKinley Crossroads, a 199,680 square foot multi-tenant shopping center in  Corona, California. McKinley Crossroads is an appealing acquisition for a variety of reasons, including its location in an up-and-coming growth market; in fact Corona has received nationwide recognition as one of the fastest growing cities in the United States. McKinley Crossroads is anchored by strong national and regional tenants such as: 24 Hour Fitness, Howard's Appliances, Leather Plus Factory, Dunn Edwards, Jennifer Convertibles and Frazee Industries.

GEG is repositioning this property by increasing the visibility of the signage. McKinley Crossroads experiences high traffic counts due to it's nearly 1/3 mile of freeway frontage (I-91) in excess of 269,000 cars per day. We are in the process of putting up a digital sign that will  be used to advertise for the tenants and as an income source from general advertising.

 

McKinley Crossroads was purchased with approximately 14 TIC investors and 3 cash investors.

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