Wednesday, August 19, 2009

Top 6 Properties Among 275 on 08-12-09

  1. Shopping Center in San Antonio, TX: 91,544 SF attractive shopping center on 7.82 acres of land anchored by Marshalls/Chase Bank in growing middle-class ($78K/yr) neighborhood. 91% leased. NOI $903K/yr. $10.240M. 9.25% Cap.
  2. Strip Center in Tampa, FL: 18,490 SF 3-year old strip center on 1.37 acres of parcel along Hwy-92. 100% NNN leased by Pei Wei Asian Diner, Alltel Corporation and Drexel Heritage. NOI $499K/yr. $6.2M. 8.06% Cap.
  3. Retail Building in Atlanta, GA: 5200 SF recently renovated retail building on .69 are pad in fast growing area. 100% leased by credit tenant. NOI $124K/yr. $1.556M. 8% Cap.
  4. Office Building in Appleton, WI: 8556 beautiful office building on 2 acres lf land in well-off (AHI $111K/yr) neighborhood conveniently located near Hyw-41. 80% leased. NOI $114K/yr. $1.2M. 9.50% Cap. Upside potential when fully leased.
  5. Professional Building in West Des Moines, IA: 10,380 SF aye-catching office building near Valley West Mall. 100% NNN leased by Alzheimer’s Association of Greater Iowa, Valley West Dental and Performance Marketing. NOI $96K/yr. $1M. 9.6% Cap.
  6. Strip Center in Pittsburg, CA: 9600 SF attractive strip center shadow-anchored by Mi Pueblo Supermarket next to Hwy-4. 100% NNN leased with good tenant mix: Panda Express, Pittsburg Employees Credit Union, Cartridge World, The UPS Store and Western Dental Services. NOI $348K/yr. $4.8M. 7.25% Cap.

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