Tuesday, August 25, 2009

Top 7 Properties among 286 08-18-09

Office Building in Brea, CA: 42,884 SF 2-story office building on 2.20 acres of land surrounded by many professional buildings near Brea Mall in filled Orange County. 100% leased. NOI $700K/yr. $6.6M. 10.61% Cap.
Shopping Center in Madera, CA: recently completed 10,800 SF shopping center on .73 acre lot with ease ingress/egress and excellent street visibility. NNN leases. NOI $158K/yr. $2.6M. 6.10% Cap.

▪ Seller to guaranty rent for up to 6 months on two small units.
Shopping Center in Streamwood, IL: 17,562 SF one-year old shopping center on 2.9 acres of land shadow-anchored by Target/Marshalls with excellent tenant mix: Kiddie Academy, Jimmy John’s, Game Stop, Sport Clips and Surhabi Indian in growing Chicago suburbs. 92.4% NNN leased. NOI $399K/yr. 9.41% Cap.
Storage Facility in Long Beach, CA: 31,558 SF storage facility divided into 394 storage units on 1.26 acres of parcel at main thoroughfare. 86% leased. NOI $256K/yr. $3.250M. 8% Cap.
Shopping Center in Fort Worth, TX: 9161 SF beautiful shopping center built in 2007 on 1 acre lot across from Burlington Northern National Headquarters with over 5000 employees. 100% NNN leased by 5 Star Nails, Max Tan, Buffalo Wings and Rings, Copy & Ship HQ. NOI $155K/yr. $1.775M. 9.75% Cap.

▪ Price reduced from $1.875M to $1.775M.
Tuffy Auto in Fort Myers Beach, FL: 7200 SF retail building constructed in 2001 in fast growing and high-income area. 100% NNN corp lease. NOI $141K/yr. $1.410M. 10.10% Cap.

Recession insensitive business. Price Reduction!
Retail Building in Stockton, CA: 17,163 SF retail center on 1.73 acres parcel with excellent visibility. 100% NNN leased. NOI $281K/yr. $4M. 7% Cap.

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