Top 4 Commercial Properties of 04-03-09

1. Strip mall in Chatsworth, CA: 7584 SF strip center in a high income city in Los Angeles. 93% leased. NOI $171K/yr. $2.5M. 6.87% cap.
2. Medical office complex in Naples, FL: 34,747 SF class-A modern medical office complex constructed in 1996 on 4.26 acres parcel in a wealthy Naples with AHI over $148K/yr. 90% leased. NOI $700K/yr. $9M. 8% cap.
3. Medical office building in Mesa, AZ: 7369 SF medical building on .69 acre lot in a high income Phoenix suburb. 100% NNN leased by doctors/dentists. NOI $132K/yr. $1.65M. 8% cap.
4. Applebee’s in Cedar Hills, TX: 5640 SF franchised restaurant on 1.6 acres outparcel to a new Super Wal-mart & across from 725,000 SF new regional mall in a fast growth, high income Dallas suburb. New 20 yrs absolute NNN lease from a franchisee with 37 stores and $20M in networth. NOI $129K/yr. $1.52M. 8.5% cap.
   
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