Thursday, January 8, 2009

Top 8 commercial properties 01-02-09

  1. Retail Building in Palm Desert, CA: 3850 SF retail building near Westfield Shoppingtown in a growing and wealthy city with AHI $105K/yr within 1 mile. 100% NNN leased. NOI $125K/yr. $1.395M. 9% Cap.
  2. Strip Center in Baton Rouge, LA: 11,950 SF attractive strip center built in 2007 across Wal-Mart Supercenter with national/local tenants. 100% NNN leased. NOI $264K/yr. $3.2M. 8.25% Cap.
  3. Office Building in Santa Ana, CA: 29,000 SF nice-looking office building close to Western Medical Center with great access to Hwy-55 and I-5 in a densely-populated city in Los Angeles. NOI $198K/yr. $3.960M. 5% Cap.
  4. Hotel in San Bernardino, CA: 50-room hotel on 1.17 acres of land just off Fwy-10. NOI $348K/yr. $4.3M. 8.10% Cap.
  5. Strip Center in Calumet City, IL: 7,995 SF strip center on 1.4 acres of parcel built in 2004 adjacent to River Oaks Shopping Center. 100% NNN leased. NOI $ 165K/yr. $2.2M. 7.5% Cap.
  6. Shopping Center in Pflugerville, TX: 15,756 SF shopping center anchored by Pizza Hut/Subway in fast growing Austin suburb. 80% Occupancy. NOI $175K/yr. $2.5M. 7% Cap.
    Upside potential when fully leased
  7. Retail Building in Sacramento CA: retail building leased by Kelly Moore Paint in growing/middle-class (AHI $51K/yr) city. $1.850M. 7% Cap.
  8. Strip Center in Cleburne, TX: 6900 SF newly renovated strip center on .93 acre lot with great store frontage to I-67. 100% Occupancy. $1.550M. 7.31% Cap.

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