Best Commercial Properties 11-12-08

1. Dolly Creek shopping center in Birmingham, AL: 25,200 SF nice-looking retail shopping center on 3.35 acres of land ideally located near I-459. 100% NNN leased. NOI not provided. $ 5.3M. Buyer to assume $3.1M at 6.03%.
2. Woodforest shopping center in Houston, TX: 14,025 SF retail center at signalized corner anchored by Kroger Signature with mostly medical tenants. 100% Occupancy. NOI $226K/yr. $3.018M. 7.5% Cap.
3. Allris Plaza strip center in Ellenton, FL: brand new 18,681 SF strip center located on major retail thoroughfare close to Prime Outlet’s Ellenton near I-75. 91% NNN leased. NOI $377K/yr. $4.715M. 8% Cap.
   § Upside potential.
4. Steeplechase center in Houston, TX: 41,158 SF neighborhood center currently accommodate to medical business near hospitals situated at signalized intersection/great visibility to major thoroughfare near Hwy-59. 95% Occupancy. NOI $513K/yr. $6.3M. $8.14% Cap.
   
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