TENAYA QUAIL EAST

TENAYA QUAIL EAST | LAS VEGAS, NV | Commercial | 54,101 SF
ACQUIRED OCTOBER 2012
EQUITY MULTIPLE 2.07x
SOLD FEBRUARY 2017 $7.47M
LEVERAGED IRR 32.8%

Tenaya Quail East was a distressed opportunity that had recently been foreclosed upon and was 40% leased. Most of the existing vacancy was in shell condition, leaving opportunity to develop unoccupied space or build for specific tenant use.

DIG implemented a development business plan for the existing vacant shell space and leased up the property prior to selling in February of 2017.