Thursday, May 7, 2009

Top 5 Properties 04-30-09

  1. Shopping center in Mesa, AZ: 82,373 SF well located recently renovated shopping center on 8.70 acres of land with great visibility near Fwy-202. 96% NNN leased. NOI $606K/yr. $6.995M. 8.67% Cap.
    Great Signage: two monuments signs along two busy streets
  2. Goodyear Tire & Rubber retail building in Spring Hill, FL: 6,101 SF retail building contrasted in 2006 on .53 acre lot shadow-anchored by Sweetbay Supermarket on prime retail location. 100% NNN corp lease. NOI $100K/yr. $1.178M. 8.5% Cap.
  3. Office building in Houston, TX: 34,805 SF class-A office building constructed in 2005 on 2.39 acres of land near Hwy-249/290 in fast growing area. 100% NNN leased. NOI $402K/yr. $4.8M. 8.4% Cap.
  4. Medical office in Waco, TX: 2,972 SF medical office on .86 acre lot across from the Waco VA Medical Center. Long NNN lease. NOI $93K/yr. $1.129M. 8.25% Cap.
  5. Strip center in Memphis, TN: 7525 SF well situated strip center on 1.21 acres of parcel with excellent visibility on busy thoroughfare near I-40. 100% NNN leased. NOI $73K/yr. $870K. 8.5% Cap. Excellent for 1st time investors!

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