PORTFOLIO:
This multi-tenant commercial building located in Grosse Pointe, Michigan has both Men's Warehouse and Papa Romano's Pizzeria as tenants. Grosse Pointe is a high-income community just outside of Detroit, MI, known for its beautiful Lake St. Clair coastline. This community was home to many of the former auto barons of Detroit, including the Ford, Dodge, and Chrysler families.KPP was able to acquire the distressed note on this property at under 40 cents on the dollar and turn this property around quickly so that it now generate a high annual cap rate on the initial investment amount.
The information contained herein is provided for informational purposes only and does not constitute, and shall not be construed as constituting or be deemed to constitute, an offer or a solicitation of an offer to buy or sell any securities or advice to buy or sell any security. In the United States, the information is intended solely for "accredited investors" or "qualified purchasers". In other jurisdictions, the information is intended solely for those qualifying under equivalent standards under the laws of their relevant jurisdiction(s). Please contact us for more information or to see if you qualify.