Top 10 Properties Among 420+ 06-29-09

1. Honey Bear Lodge in Big Bear Lake, CA: attractive 20-room inn built in 1985 approx 19 miles east of San Bernardino City. NOI $240K/yr. $2.250M. 10.60 % proforma Cap.
2. Strip Center in New Port Richey, FL: 8000 SF well maintained strip center on .88 acre lot recently renovated/restriped. 100% NNN leased by retail/office stable tenants. NOI $67K/yr. $795K. 8% Cap.
3. Orchard Supply Hardware in Fairfield. CA: 43,896 SF retail building built in 1990 on over 4 acres of land on prime retail corridor. New 19-years absolute NNN corp lease. NOI $724K/yr. $8.520M. 8.5% Cap.
4. Apartments in Houston, TX: 232-units upscale apartments on 7.66 acres lot in the high income Clear Lake area. NOI $765K/yr. $9.250M. 8.28% Cap. Less than $40K/unit.
5. Strip Center in Winthrop Harbor, IL: 2-years old 60,980 SF strip center on 4.5 acres of land at hard corner location in Northern coastal Chicago suburbs. 100% leased. $4.623M. 9% Cap.
6. Medical Office in Boca Raton, FL: 6336 SF 2-story medical office on .53 acre lot. 100% NNN leased with annual rent increases. NOI $150K/yr. $1.580M. 9.5% Cap.
7. Shopping Center in Palmdale, CA: 144,417 SF shopping center built in 1991 on 13.45 acres parcel with freeway visibility just east of Fwy-14. Anchored by Burlington Coat Factory and Factory-2-U. 77% NNN leased. Actual NOI $850K/yr. $10.6M. 8.02% Cap with current income. Upside potential when fully leased.
8. Assisted Living Residence in Los Angeles, CA: 220-bed well maintained senior housing residence constructed in 1988. “BANKRUPTCY SALE” $11.112M.
9. Retail Building in Wilmington, NC: 57,230 SF nice-looking single-tenant retail building constructed in 1995 in a coastal town. 100% NNN leased till 2015 by Harris Teeter Supermarket. NOI $558K/yr. $5.8M. 9.5% Cap.
10. Motel in San Antonio, TX: 200-room attractive bank-owned motel on 3.60 acres of land on busy thoroughfare off of Hwy-410. NOI $315K/yr. Appraised at $6.2M in 2007. $3.5M. 9% Cap.
    
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