Top Commercial Properties 01-09-09

1. Strip mall in Rockford, IL: brand new 9000 SF 2-tenant strip center on 1 acres outparcel to a Wal-mart supercenter in growing and high income area. 100% NNN leased. NOI $255K/yr. $2.835M. 9% cap.
2. Office building in Vancouver, WA: 4300 SF 3-yr old office building on ½ ac lot with easy access to I-205. 100% leased by 3 tenants. NOI $86K/yr. $1.2M. 7.2% cap.
3. Neighborhood Center in Raleigh, NC: 33,624 SF multi-tenant shopping center on 2.67 acres parcel in a growing and strong income area. NOI $398K/yr. Appraised at $5.3M in July 2008. Asking $4.675M. 8.53% cap.
4. Walgreens in Lilburn, GA: 15,120 SF pharmacy built in 2000 on 1.84 acres corner lot in a high income Atlanta metro. 100% absolute NNN leased till 2020. NOI $311K/yr. Buyer to assume $2.1M loan at low 5.62% interest. $4.455M. 7% cap.
5. Single-tenant Retail in Sacramento, CA: 9497 SF commercial building on .83 ac parcel. 100% leased by Doghouse Saloon. NOI $124K/yr. $1.2M. 10.4% cap.
6. Shopping center in Pomona, CA: rare 34,597 SF well-maintained shopping center in a high-income city in LA. Excellent visibility. 96% occupied. NOI $605K/yr. $9.575M. 6.32% cap. Buyer to assume $5.3M loan at low 6.1% interest. 6.32% cap
7. Childtime Learning Center in Elliott City, MD: 8240 SF childcare center on 1.75 acres parcel in a growing and affluent (AHI over $107K/yr) Washington DC suburb. 100% NNN leased till 2025 by a national childcare provider. NOI $210K/yr. $2.627M. 8% cap.
   
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