Monday, March 16, 2009

Top 7 Commercial Properties 03-09-09

  1. Days Inn Motel in Tampa, FL: 132-room well-maintained motel on over 2 acres of land near Tampa International Airport and off of I-4. $3.750M. 8.6% Cap.
  2. Neighborhood Shopping Center in College Park, GA: 74,710 SF shopping center on 8.13 acres of land anchored by Wayfield Foods on a highly visible location with a solid mix of tenants. 98% NNN leased. NOI $541K/yr. $5.750M. 9.42% Cap.
  3. Retail Center in Lithia Springs, GA: 8,080 SF attractive retail center built in 1995 close to I-20 in fast growing Atlanta suburb. 100% NNN leased. NOI $110K/yr. $1.295M. 8.5% Cap.
  4. Shopping Center in San Marcos, CA: 19,164 SF nice looking center on 1.39 acres of parcel built in 1982 in growing area. NOI $280K/yr. $4.1M. 6.85% Cap.
  5. Office Building in Portland, OR: 15,089 SF concrete block office building on .69 acre lot built in 1998. 100% NNN leased. NOI $235K/yr. $2.895M. 8.13% Cap.
  6. Pep Boys Retail Building in Greece, NY: 22,227 SF single tenant building on 3.41 acres of land renovated in 2007 on retail corridor. 100% absolute NNN leased with 1.5% annual increases. NOI $206K/yr. $2.757M. 7.5% Cap.
  7. Strip Center in Lawndale, CA: 7,200 SF stable strip center located on busy street with excellent visibility. 100% leased by 5 tenants. NOI $91K/yr. $1.499M. 6.10% Cap.

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