Friday, September 19, 2008

Best picks of 09-19-08


  1. Jiffy Lube in Orlando, FL: 1708 SF Jiffy Lube retail building constructed in 1996 in densely populated surrounded by national tenants. 100% NNN leased. NOI $89K/yr. $1.079M. 8.25% Cap.
    - Strong operator currently with 26 stores
    - Unusual 15% increases every 5 years

  2. Shopping Center in Cincinnati, OH: 64,607 SF 16-tenants well located shopping center on 5.58 acres of land built in 1989. 95% Occupancy. NNN. NOI $629K/yr. $7.865M. 8% Cap.
    - National/Regional Tenants: UPS Store, Great Clips, Starbucks, Blockbuster
    - Currently under going façade improvements

  3. Strip Center in Tucson, AZ: 6623 SF newly constructed multi-tenant retail center in growing (16.43%) well-off (AHI $90K/yr) neighborhood. 100% NNN leased. NOI $131K/yr. $1.850M. 7.13% Cap.

  4. Office building in Sacramento, CA: 5500 SF office building constructed in 1983 conveniently located near Hwy-80. 100% leased. NOI $55K/yr. $789K. 7% proforma Cap. Only $143 per sf.

  5. LA Fitness in Chula Vista, CA: 45,000 SF LA Fitness Building on 4.34 acres located at a major retail intersection bordered by many national tenants situated in growing (65.06%) San Diego suburb. Long NNN corporate lease. NOI $1M/yr. $13.900M. 7.32% Cap.

  6. Retail Plaza in Antioch, CA: 19,546 SF retail center on 1.5 acres built in 2004 with good tenants near Hwy-4. 74% Occupancy. NOI $276K/yr. $3.9M. 7.10% Cap with sellers guarantee on vacancy.

    © eFunding, Inc. 2008. All rights reserved.

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