Monday, August 17, 2009

Best 7 Properties Among 495 on 08-10-09

  1. Strip Center in Santa Ana, CA: 10,200 SF recently renovate strip center on .51 acre lot at great corner location. 90% leased. NOI $155K/yr. $2.1M. 7.38% Cap.
  2. Office Building in Sacramento, CA: 11,216 SF 2-story office building built in 1980 on 1.83 acres of land. 100% leased by stable tenants. NOI $123K/yr. $1.399M. 8.83% Cap.
  3. Office Depot in Palo Alto, CA: 30,980 SF single-tenant building constructed in 1999 on 2.65 acres parcel just off of Hwy-101 in a wealthy (AHI $157K/yr) and prestigious town in Silicon Valley. Surrounded by many national tenants. 100% NNN leased till 2018. NOI $898K/yr. $9.980M. 9% Cap. Price Reduced!
  4. Shopping Center in Rockford, IL: 20,600 SF well maintained retail center on 2.5 acres of land anchored by Fed-Ex Kinko’s ideally located at premier retail corridor. 100% NNN leased. NOI $402K/yr. $4.650M. 8.65% Cap.
  5. Strip Center in Mission, TX: 13,600 newly constructed strip center on 1.24 acres of land anchored by HEB Supermarket in growing area. 100% NNN leased. NOI $277K/yr. $2.750M. 10% Cap.
  6. Retail Center in Covina, CA: 18,505 SF retail center on .76 acre pad shadow-anchored by CVS Pharmacy with excellent visibility to main thoroughfare. 86% NNN leased. NOI $350K/yr. $5M. 7% Cap. Upside potential when fully leased.
  7. Strip Center in Desoto, TX: 8,003 SF attractive strip center constructed in 2007 anchored by Starbucks Coffee along I-35E. 100% NNN leased. NOI $236K/yr. $3,046M. 7.75% Cap.

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