Looked this one up on Loopnet. Your commercial tenants are second and third tier. Edward Jones, Massage Envy and Anytime Fitness are not Class A tenants.
There is mention of a second building which can be purchased with the first for a total of $9,000,000. Would that be the second retail office building? It's not clear. The subject property is connected to the second retail office building by a second floor walkway. Would have to see the operating agreement and the CC&R's to see how maintenance is handled. The parcel map shows two parcels, but the Assessor's map included in the offering brochure shows a single parcel.
The garages for the apartment/condo units are located in the far corner of the lot, well away from the building. Very inconvenient.
The fire damage from last fall's fire may have reduced retail traffic in this center. Some nearby residential areas were completely destroyed. Your residential units will be 100 percent occupied at solid rents for several years because of the housing shortage up there.
Not enough information to comment on the proposed operating statement. Generally those are optimistic.
About the only nice thing about the property is the frontage on Highway 12.
It's a hard pass for me.