Wednesday, March 18, 2009

Top 7 Properties of 03-11-09

  1. Shopping Center in Canyon Lake, CA: 8,941 SF well kept shopping center at signalized intersection at the main entrance of a community shopping center near Fwy-15/215 in Riverside county. NOI $104K/yr. $1.675M. 6.22% Proforma Cap. Only $187 per SF.
    *Upside potential
  2. La Petite Academy in Chandler, AZ: 10,000 SF single tenant retail built constructed in 2008 at a highly desirable retail thoroughfare near Fwy-202. 15-years NNN leased by national day care provider with 570+ locations. NOI $259K/yr. $3.448M. 7.54% Cap.
  3. Retail Center in Torrance, CA: 6,632 SF well located retail center next to post office in a growing and middle-class (AHI $77K/yr) Los Angeles metro. 100% Occupancy. NOI $101K/yr. $1.295M. 7.8% Cap.
  4. Advance Auto Parts in Commerce City, CO: 7000 SF retail building on over 1 acre of land located on Stare Hwy-2 in fast growing area in Denver metro. Long NNN lease. NOI $132K/yr. $1.772M. 7.5% Cap.
  5. Strip Center in Loganville, GA: 12,000 SF attractive strip center built in 1998 on 1.40 acres of land with solid national/local tenants in Atlanta metro. 100% NNN leased. NOI $178K/yr. $2.040M. 8.75% Cap. Buyer to assume $1.630M at below market 5.78% rate.
  6. Retail Center in Pittsburg, CA: 6,808 SF shopping center built in 1979 at busy thoroughfare close to Hwy-4. NNN leases. NOI $105K/yr. $1.460M. 7.23% Cap.
  7. Office Building in Elk Grove, CA: 3358 SF beautiful office building constructed in 2005 at highly visible location near I-5 in a high income Sacramento metro. 100% NNN leased. NOI $87K/yr. $1.120M. 7.78% Cap.

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