Best Commercial Properties 12-15-08

1. Office Building in Tallahassee, FL: six two-story office building consisting of 52,000 SF constructed in 1982 next to Governor’s Square Mall in a busy commercial corridor. NOI $371K/yr. $3.2M. 11.61% Cap.
   -Lender owned asset property not completely leased, upside potential when fully leased.
2. Shopping Center in Arlington, TX: 69,995 SF well positioned shopping center on 5.89 acres of land built in 1976 anchored by Family Dollar with good tenant mix. 88% Occupied. NOI $458K/yr. $5.089M. 9% Cap.
   -Upside potential when fully leased.
3. Smokey Bones Barbeque & Grill in Boca Raton, FL: 6,900 SF restaurant on .75 acre lot built in 1994 in busy highway intersection outparcel to The Waterford Lakes Town Center. Long absolute NNN corp lease with 1.75% annual rent increases. NOI $236K/yr. $2.623M. 9% Cap.
4. Office Building in Scottsdale, AZ: 9,939 SF 3-years old class-A office building in a growing & wealthy (AHI $154K/yr within 1-mile radius) Phoenix suburb. 100% NNN leased. NOI $268K/yr. $3.350M. 8% Cap.
5. Jiffy Lube Retail Building in Omaha, NE: brand new 3113 SF retail building on .32 acre lot close to Hwy-80. 20-years absolute NNN lease with 10% increases every 5-years. NOI $74K/yr. Only $926K. 8% Cap.
6. Childtime Daycare center in Chula Vista, CA: 8280 SF Day Care Facility on .92 acre lot built in 2000 in affluent (AHI $115K/yr. within 1-mile) area. 100% absolute NNN leased to a national tenant with over 275 locations. NOI $203K/yr. $2.548M. 8% Cap.
7. Advance Auto Parts in Toledo, OH: brand new 7,000 SF retail building on .83 acre lot in densely populated area. 15-years NNN corp lease. NOI $136K/yr. $1.766M. 7.75% Cap.
8. Office Building in Menlo Park, CA: 6,800 SF six-years old office building on .27 acre lot in very wealthy (AHI $209K/yr.) neighborhood. 100% Occupied. NOI $300K/yr. $4M. 7.5% Cap.
9. Strip Center in Folsom, CA: 16,000 SF six-tenant strip center in growing/well-off area. 100% NNN leased. NOI $343K/yr. $4.9M. 7% Cap.
10. Office Building in Santa Cruz, CA: 11,000 SF two-story office building constructed in 1981 on visible corner of Mission/Hwy-1. 90% Occupied. $3M.
    -Possible owner financing

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