Overlook on North Avenue Acquisition
Baceline Announces Purchase of Overlook on North Avenue in Chicago, Illinois
The Baceline Debt Free Income Fund IV successfully closed on Overlook on North Avenue on November 6, 2014. This acquisition represents the fourth property in the Fund’s portfolio.
Located in the affluent Chicago suburb of Lombard, Illinois, Overlook is a 16,830 square foot neighborhood shopping center. Baceline purchased this cash-flowing retail center for the Fund at an 11% cap rate. With new construction, 97% occupancy, high traffic counts, and a Starbucks drive-thru, this is a strong asset for the Fund.
For additional information please contact Baceline Investments.
About Baceline Investments
Founded in 2003, Baceline Investments, LLC is a Denver-based privately held boutique real estate investment company that specializes in the acquisition, management, and sale of necessity-based shopping centers in select secondary markets across America’s Heartland. This unique geographic focus allows investors to better diversify their investment portfolio while avoiding exposure to overly competitive larger markets and the more cyclical coastal regions.