Friday, March 27, 2009

Top 6 Properties of 03-20-09

  1. Retail Building in Santa Cruz, CA: 4464 SF mixed use property just blocks from the beach. NNN leases. NOI $87K/yr. $1.4M. 6.24% Cap.
  2. Retail Center in McDonough, GA: 12,000 SF attractive retail building at busy intersection of Hwy-155 & I-75 in the fast growing Atlanta suburbs. 100% Occupancy. NOI $182K/yr. $2M. 9.10% Cap.
  3. Day Care in Flossmoor, IL: brand new 10,000 SF Children of America retail building in affluent (AHI $115K/yr. within 1 mile radius) Chicago metro. New 15-yr NNN corp lease. NOI $240K/yr. $3M. 8% Cap.
  4. Pep Boys Auto in Indio, CA: 19,338 SF retail building on 1.58 acres of land on prominent thoroughfare. 15 years NNN lease with 1.5% increases. NOI $253K/yr. $3.619M. 7% Cap.
  5. Pep Boys Auto in Austin, TX: 22,279 SF retail building on 1.99 acres of parcel with excellent access to Loop-360 surrounded by many national tenants. 15-years NNN lease with 1.5% increases. NOI $227K/yr. $3.137M. Note: Austin is the 2nd fastest growing city in 2008.
  6. Office Buildings in Portland, OR: 23,765 SF comprised to two well maintained buildings at signalized intersection on 1.42 acres of land. NOI $209K/yr. $2.8M. 7.48% Cap. Buyer to assume $1.6M @ 6.625%.
    Upside potential when fully leased.

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