Top 7 Properties 09/09/09

1. Apartments in Dallas, TX: 272-unit well-maintained apartments complex built in 1985 on 7.7 acres lot with swimming pools, 2 playgrounds, clubhouses. 82% occupied. $5.15M. Only $19K/unit!
2. Medical Office building in Charlotte, NC: 15,000 SF office building on 2.36 acres lot across street from Eastland Mall. 100% absolute NNN lease with 7 yrs left by CSL Plasma, Inc., which is 100% owned by CSL Limited, a multi-billion dollar biopharmaceutical company specializing in Flu vaccines. NOI $211K/yr. $2.495M. 8.46% cap.
3. Automotive Repair Center in Antioch, CA: 19,380 SF multi-tenant automotive center built in 2003 on 1.5 acres lot. 100% NNN leased by 6 national/regional tenants. NOI $247K/yr. $3.018M. 8.2% cap.
4. Advance Auto Parts in Thornwood, CO: 7000 SF single-tenant 1-yr old retail building on 1.28 acres signalized corner lot in Denver metro. 15 yrs NNN lease. NOI $140K/yr. $1.809M. 7.75% cap. Recession insensitive tenant.
5. Medical Plaza in Northridge, CA: 34,275 SF class-A medical 3-story office building on 1.69 acres parcel in a high-income (AHI $97K/yr) city in Los Angeles. 100% NNN leased. NOI $795K/yr. $10.65M. 7.47% cap. Buyer to assume $5.95M loan at low 5.65% interest.
6. Hotel/Motel in Keizer, OR: 86-room hotel/motel built in 1998 on 3.65 acres lot in Salem metro. NOI $467K/yr. Appraised at $8.2M in Aug. 2008. $5.8M. 8.06% cap.
7. O’Reilly Auto Parts in Irving, TX: 7225 SF newly built auto parts store on .82 ac parcel in Dallas metro. 20 yrs NNN lease. NOI $113K/yr. $1.505M. 7.56% cap.
   
   © Copyright Transmercial 2009. All rights reserved.