Sold in 2008, this 201,906 square foot shopping center was anchored by Sams Club, Super WalMart (shadow), Office Depot and PetSmart. In 2008, the cap rate arbitrage between Southern California and secondary markets like Albuquerque was minimal. As a result, this asset was sold at a mid 7% cap rate and funds were reinvested in Southern California with returns exceeding those achieved in Albuquerque.
