Top 7 Properties Among 299 09/23/09

1. Panda Express Restaurant in Houston, TX: 2200 SF restaurant constructed in 2008 on .49 acre lot surrounded by many national tenants close to to I-10. 20-years NNN ground lease. Buyer owns the land. 10% rent increases every 5-years. NOI $89K/yr. $1.241M. 7.25% Cap.
2. Medical Office Building in Vallejo, CA: 22,130 SF office building renovated in 2006 on 1.25 acres of land recently gone through major improvements. 100% leased to three tenants: Davita Corporation, Timec Constructors and Catholic Social Services. NOI $272K/yr. $3.4M. 8% Cap.
3. Shopping Center in Fountain Hills, AZ: 16,276 SF newly constructed shopping center on 1.17 acres of parcel at active signalized intersection in growing (29.71%) prosperous (AHI $107K/yr) Phoenix suburbs. Leased by strong mix of local/national credit tenants. NOI $328K/yr. $3.650M. 9% Cap.
4. Bank Owned Retail Center in Escondido, CA: 6650 SF five-unit retail center on .29 acre pad with excellent visibility. NOI $79K/yr. $930K. 8.5% Cap.
5. Lexington Hotel in Phoenix, AZ: 107-room 8-stories Lexington Hotel in a prime area near downtown, convention center, sports arena and airport. NOI $613K/yr. $7.2M. 8.51% Cap.
6. Shopping Center in Redlands, CA: 13,490 SF attractive shopping center built in 2004 consisting of two buildings on 1.23 acres of land at major retail corridor near Fwy-10. 100% NNN leased. NOI $240K/yr. $3.125M. 7.68% Cap.
7. Retail Building in San Bernardino, CA: 3100 SF gorgeous recently constructed retail building on .63 acre lot. 100% leased by Starbucks Coffee and Euro Deli. NOI $126K/yr. $1.850M. 6.85% Cap.
   
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