Top 6 Properties of 04-23-09

1. Strip Center in Fresno, CA: 16,250 SF good-looking strip center built in 1993 on over 1 acre lot with excellent tenant visibility in close proximity to Fwy-41. 100% NNN leased. NOI $257K/yr. $2.550M. 10% Cap.
2. Medical Office in Las Vegas, NV: 4,500 SF two-tenant medical office built in 2005 at busy intersection minutes from Desert Springs Hospital. 100% NNN leased. $969K. 8% Cap.
3. Retail Center in Orange, CA: 5770 SF appealing retail center built in 1993 at busy intersection near Fwy-55 in densely populated area. 100% leased. NOI $97K/yr. $1.550M. 6.29% Cap.
   Upside potential: tenants paying 25% below market rent.
4. Strip Center in Sacramento, CA: 10,791 SF beautiful strip center built in 2007 on over 1 acre lot at high-traffic intersection. 100% NNN leased by seven regional/local tenants. NOI $321K/yr. $4.150M. 7.74% Cap.
5. Retail Center in Phoenix, AZ: 9,141 SF retail center on .56 acre lot remodeled in 2005 with good tenant mix: Superior Motor Vehicle Services, Cristina’s Fashions & Music, Candy Store, Tattoo, Smoke Shop and Launderland. 100% NNN leased. NOI $140K/yr. $1.755M. 8.02% Cap. Buyer to assume $1.281M at 6.89% interest rate.
6. Shopping Center in Fishers, IN: 16,800 SF upscale shopping center built in 2005 on 3.2 acres of land next to CVS Pharmacy in affluent (AHI $110K/yr) Indianapolis suburbs. 100% NNN leased. $3.550M. 8.44% Cap. Buyer to assume $2.475M. at 5.75% interest rate.
   
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