Top 9 Commercial Properties of 03-12-09

1. Knights Inn in Houston, TX: 170-rooms well situated hotel on 3.5 acres of land close to to I-45 near Greenspoint Mall. NOI $355K/yr. $3.550M. 10% Cap.
2. Medical Office in San Mateo, CA: 3,150 SF attractive medical office in close proximity to Peninsula Hospital. $1.495M.
   Great for owner-user
3. Office Building in Clearwater, FL: 16,410 SF nice-looking office building on .84 acre lot built in 1982. 95% leased. NOI $122K/yr. $1.286M. 9.5% Cap.
4. Retail Building in Harrison Township, MI: 15,500 SF West Marine retail building on .95 acre lot built in 2008. 100% NNN corp lease with 10% increases every 5-yrs. NOI $294K/yr. $3.365M. 8.75% Cap.
5. Office Building in Sewell,NJ: 15,000 SF office building on 5 acres of land built in 2006 near Kennedy Memorial Hospital in growing/middle-class (AHI $76K/yr.) area. 100% NNN leased. NOI $331K/yr. $3.793M. 8.75% Cap.
6. Just Brakes in Tampa, FL: 3800 SF single-tenant retail building on ..49 acre lot built in 2008 close to I-275. 100% NNN corp lease with rent increases. NOI $102K/yr. $1.280M. 8% Cap.
7. Arby’s Restaurant in Sterling Heights, MI: 3100 SF restaurant on .86 acre lot in growing/well off (AHI $86K/yr.) area along I-59. 100% NNN corp lease. NOI $144K/yr. $1.703M. 8.5% Cap.
   
   -The following properties are for sale by court order-
   
8. Strip Center in Alabaster, AL: 8838 SF shopping center on .75 acre lot along Hwy-31 in growing Birmingham suburbs. $925K.
9. Strip Center in Pelham, AL: 13,933 SF strip center on 1.46 acres of land along Hwy-31 in Birmingham suburb. 90% leased. $1.525M.

© copyright eFunding, inc. 2009. All rights reserved.