Top 6 properties of 04-28-09

1. Strip Center in Pasadena, TX: 6000 SF attractive strip center in middle-class (AHI $60K/yr) Houston suburbs. 100% NNN leased by four tenants. NOI $71K/yr. $890K. 8% Cap. Great for 1st time investors.
2. Hotel in San Antonio, TX: 79-room newly constructed Comfort Inn & Suites on over 2 acres of land conveniently located on I-10. NOI $638K/yr. $6.350M. 10.06% Cap.
3. Strip Center in Mesa, AZ: 14,875 SF stable strip center across from Banner Desert Medical Center near I-60. 100% NNN leased. NOI $166K/yr. $1.7M. 9.8% Cap.
4. Retail Pad in Oak Forest, IL: 9060 SF retail building constructed in 2000 on .89 acre lot next to Walgreens with excellent visibility. NOI $210K/yr. $2.1M. 10% Cap.
5. Retail Building in Bakersfield, CA: 8400 SF five-tenant retail building on 2.74 acres of land shadow-anchored by Albertsons. Only one small unit vacant. Actual NOI $148K/yr. $1.9M. 7.83% Cap. Buyer to assume $1.282M at low 5.87% interest rate.
   Upside potential when 100% leased
6. National Medical Office in San Antonio, TX: 9000 SF medical office to be constructed soon on 1.30 acres of land next to Northeast Methodist Hospital off of I-35. Long NNN lease. NOI $207K/yr. $2.957M. 7% Cap.
   
   © copyright Transmercial 2009. All rights reserved.