Hacienda Village is a multi-tenant retail investment located on a strong retail corridor in Hacienda Heights, CA. At the time of acquisition, the property had major upside potential with rents being extremely below market. In addition, Hacienda Village is located just off the 60 freeway and is the first shopping center encountered when exiting the freeway, and the property benefits from highly visible pylon signage on Hacienda Boulevard.
This project is currently undergoing significant capital improvements, including a full façade renovation and an almost full turnover of existing tenants. Once capital improvements are complete, OneV Capital plans to complete the leasing component on the property and list the property for sale. Currently, projected annualized ROI for the property is 34.70% and growing, based on increases in market rent.