Top 7 Properties 04-09-09

1. Office building in Long Beach, CA: 13,144 SF office building with park-like courtyard with easy access to I-405 and in a high income area. 100% leased by 10 tenants. NOI $213K/yr. $3.199M. 6.67% cap. Seller will finance with $500K down. 10% cash on cash!
2. Medical office building in Pomona, CA: 32,387 SF 2-story medical office building constructed in 1987 on 1.95 acres parcel next door to Pomona Valley Medical Hospital just off I-10. 97% leased. NOI $512K/yr. $7.2M. 7.12% cap.
3. Shopping Center in Independence, MO: 160,423 SF shopping center in Kansas suburb. Anchored by Price Chopper supermarket and Dollar General. NOI $768K/yr. $8M. 9.6% cap.
4. Walgreens in Fresno, CA: 14,820 SF brand new drug store on 1.58 acres lot at the corner of Ashland and Cornelia. 20 yrs NNN lease. NOI $345K/yr. $4.931M. 7% cap.
5. Neighborhood Center in Surprise, AZ: 48,650 SF on 6.2 acres parcel at a high-profile intersection in a fast growing Phoenix suburb. Surrounded by 2M SF of National Retailers (Wal-Mart, Home Depot, Target, and Best Buy. NOI $1.164M. $13.7M. 8.5% cap.
6. Medical office building in Henderson, NV: 4650 SF 3-suite medical office building in a high income (AHI over $108K/yr) Las Vegas suburb. 100% NNN leased. NOI $98K/yr. $1.25M. 8% cap.
7. Kindercare Learning Center in Yorba Linda, CA: 8930 SF childcare center on 1.5 acres parcel in an affluent (AHI $140K/yr) city in Orange County. 17 yrs NNN lease with 6 yrs remaining by a national childcare provider. NOI $240K/yr. $3.2M. 7.5% cap.
   
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