Top 9 Properties 09-01-09

1. Shopping center in Moreno Valley, CA: 29,623 SF new shopping center in a boom town. Anchored by Fresh and Easy Neighborhood Market. 95% NNN leased. NOI $627K/yr. $7.85M. 8% cap.
2. Shopping Center in San Jose, CA: rare shopping center on over 3 acres corner lot in high income area (AHI over $113K/yr). 100% NNN leased by 15 tenants with below market rent. NOI $536K/yr. $8.5M. 6.3% cap.
3. Motel in Sunnyvale, CA: 104 unit hotel in the middle of Silicon Valley. Across the street from the former Sunnyvale Town Center. $5.995M.
4. Shopping Plaza in Winthrop Harbor, IL: 60,980 SF retail plaza on 4.5 acres parcel North of Chicago. Anchored by a grocery store. 100% occupied by 21 tenants. NOI $396K/yr. $4.07M. 9.75% cap.
5. Tuffy Auto in Omaha, NE: 3900 SF Tuffy Auto built in 2007 on .63 ac outparcel to Super Target in a fast growing & wealthy area with AHI over $109K/yr. 20 yrs NNN lease with corp (235 stores in 20 states) guaranty. NOI $111K/yr. $1.369M. 8.15% cap.
6. Apartments in Hollywood, FL: 38-unit well-maintained apartments in a high income area. 97% occupied. NOI $251K/yr. $2.8M. 9% cap.
7. Shopping Center in Vancouver, WA: 25,472 SF retail center in a stable city. Adjacent to Walgreens, Safeway. 100% leased. NOI $460K/yr. $5.12M. 9.02% cap.
8. Shopping Center in San Antonio, TX: 32,623 SF upscale class-A shopping center built in 2007 on 3 acres lot in a wealthy part of San Antonio (AHI over $112K/yr). 87% NNN leased. NOI $590K/yr. $6.5M. 9.08% cap.
9. Office Building in Austin TX: 18,444 SF 5-yrs old high-image office building on 2 acres lot in a affluent part of town with AHI over $97K/yr. Anchored by Citibank. 97% occupied. NOI $304K/yr. $3.675M. 8.28% cap.
   
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