Monday, September 28, 2009

Top 5 Properties Among 373 09/21/09

AHI: Avg Household income
NOI: Net Oper Income. Income after all expenses paid except mortgage.

  1. Holiday Inn in Henderson, NV: attractive 115-room 3-story Holiday Inn hotel built in 2007 on 2.27 acres of land conveniently located at busy thoroughfare. NOI $775K/yr. $7.750M. 10% Cap.
  2. Medical Office in Montgomery, AL: 4293 SF nice-looking MRI center constructed in 2000 close to Baptist Medical Center. Long NNN corp lease by MQ Associates currently operating 92 centers. NOI $95K/yr. $1.161M. 8.25% Cap.
  3. Apartments in San Jose, CA: 6-units well-maintained multifamily building near VTA Light Rail Station/Hwy-101/880. 100% leased. NOI $53K/yr. $850K. 6.31% Cap.
  4. Medical Building in Lancaster, CA: well-kept 19,793 SF 2-story medical office building across from Antelope Valley Hospital off of Fwy-14. 90% leased. NOI $256K/yr. 3.2M. 8% Cap.
    Seller financing available
  5. Shopping Center in Logan, UT: 74,906 SF shopping center built in 1999 on 9.73 acres of parcel shadow-anchored by Lees Marketplace across from Logan Regional Hospital. NOI $734K/yr. $8.643M. 8.5% Cap.

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