Top Properties Among 429 on 06/22/09

1. Hotel in Clearwater, FL: 119-room Bank-owned motel directly on US Hwy-19 in Tampa metro. Excellent for experienced operator. $2.9M. Only $24,369 per room.
2. Hotel in Orlando, FL: 335-room Bank-owned motel with full service restaurant/banquet facility and nightclub next to Orlando International Airport. $8.5M.
3. Strip Center in Palmdale, CA: 15,000 SF strip center built in 1997 on 1.75 acres of land across Antelope Valley Mall near Hwy-14. 100% NNN leased by Men’s Wearhouse, AT&T, Cold Stone, Powder & Sun and Silver Depot. NOI $398K/yr. $5.690M. 7% Cap.
4. Arby’s Restaurant in Omaha, NE: 2879 SF restaurant constructed in 2002 on .62 acre lot next to Home Depot at hard corner location. 20-year absolute NNN lease with 8% increases every 5-year. NOI $93K/yr. Price reduced to $1.2M. 7.75% Cap.
5. Office Building in San Jose, CA: 3395 SF charming office building on The Alameda Avenue with new exterior paint/awnings. Close proximity to Fwy-880. $1.350M. Excellent for owner user.
6. Strip Center in West Covina, CA: 16,450 SF 12- tenants mature strip center at high traffic location. 100% NNN leased. NOI %258K/yr. $3.995M. 6.48% Cap.
7. Apartments in North Hollywood, CA: 14-units apartments in growing & high income (AHI $86K/year within 1 mile radius) area. Subject to the Bankruptcy court & short sale approval. $1.299M.
8. Strip Center in Paramount, CA: 9259 SF attractive strip center on .69 acre lot anchored by El Perihuete Mexican Restaurant across from City Hall at signalized intersection. 100% NNN leased. NOI $248K/yr. $3.4M. 7.3% Cap.
9. Apartments in Phoenix, AZ: 24-units nice-looking apartments at downtown location. NOI $76K/yr. $950K. 8% Cap.
10. Strip Center in Sacramento, CA: 12,300 SF strip center built in 2004 on 1.59 acres of parcel at main thoroughfare in fast growing area close to Hwy-99. 100% NNN leased. NOI $312K/yr. $3.750M. 8.30% Cap.
    
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