Tuesday, October 28, 2008

Top Commercial Properties 10-27-08

Client’s Testimonials:
When we first started looking for investment properties, we went to three different brokers little knowing that all that we would need was you [David Tran], your wisdom, knowledge, expertise , organization, honesty, and professionalism. Your access to so many potential successful investments precluded us from having to look elsewhere and both of our purchases were accomplished accurately and in a very timely manner. We look forward to our next extremely profitable purchase through you and your competent assistant, Maria Martinez.Peggy and H. Allen Goodman. Oct. 2008

  1. Office Building in San Jose, CA: 63,117 SF 2-story office building on 3.77 acres parcel at the corner of Almaden & Capitol Expressways. 94% leased. NOI and pricing not avail.
  2. Shopping center in Mesa, AZ: 18,729 SF shopping center plus a free-standing 1975 SF KFC restaurant on 2.12 acres hard corner lot in a fast growing Phoenix metro. 100% NNN leased. NOI $301K/yr. $4.1M. 7.34% cap.
  3. Retail Center in San Antonio, TX: 46,554 SF retail center on 4.57 acres lot just off I-410 exit. 100% NNN leased. NOI $395K/yr. $4.95M. 8% cap.
    · Anchored by Ballys Fitness and Blockbuster
    · Below market rent of $9.41/SF: upside potential
  4. Medical Office Condo in Santa Ana, CA: 2888 SF medical office condo in a 90,000 SF 3-story medical office building across the street from Western Medical Center – Santa Ana. 5+ yrs absolute NNN lease at closing from a medical doctor in practice for 29 yrs. NOI $65K/yr. $908K. 7.25% cap.
  5. Rite Aid in Richland, WA: 16,384 SF Rite Aid on 1.34 acres parcel. 100% NNN leased till 2019. NOI $331K/yr. $3.789M. 8.75% cap.
  6. Shopping Center in Rancho Cucamonga, CA: 16,800 SF strip center on 1.25 acres lot at a signalized corner in a fast growing Inland Umpire city. 100% NNN leased. NOI $313K/yr. $4.475M. 7% cap.
  7. Retail center in Yorba Linda, CA: 19,311 SF retail center on a corner lot just off Imperial Hwy exit in an affluent city with AHI over $112K/yr. 100% NNN leased. NOI $455K/yr. $6.5M. 7% cap.
  8. Restaurant in Cincinnati, OH: 10,224 SF franchised Old Spaghetti Restaurant built in 2004 across the street from Cincinnati Mills Mall. Surrounded by Kmart, Home Depot and Meijer Superstore. 20 yrs absolute NNN lease with 19 yrs remaining. NOI $190K/yr. $2.375M. 8% cap.


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