Top 8 Properties 10-15-09

1. Walgreens Pharmacy in Winter Park, FL: recently constructed 13,739 SF pharmacy on 1.48 acres of land at signalized intersection in Orlando metro. Long NNN lease. NOI $556K/yr. $7.673M. 7.25% Cap.
2. Retail Center in Tucson, AZ: 8000 SF eye-catching retail center constructed in 2008 on .89 acre lot fully leased: Einstein Bagels, Cici’s Pizza & Foothills Barbers. NOI $216K/yr. $1.950M. 11.10% Cap. This is a court-ordered bankruptcy sale.
3. Strip Center in Fort Worth, TX: 9244 SF attractive strip center shadow-anchored by well performing Albertson’s grocery store with excellent tenant mix. 100% NNN leased. NOI $158K/yr. $1.763M. 9% Cap.
4. Apartments in San Jose, CA: well-located 16-units apartment complex along Capitol Expressway near Hwy-101/680/280. NOI $129K/yr. $1.995M. 6.48% Cap.
5. Shopping Center in Roy, UT: 30,860 SF well-kept shopping center constructed in 2000 on 2.85 acres parcel in Salt Lake City metro. Fully leased by strong national tenants. NOI $356K/yr. $4.250M. 8.39% Cap.
6. Shopping Center in Jonesboro, GA: 19,600 SF shopping center built in 1999 on 2.2 acres of land with great visibility near I-75/285. 82% leased. NOI $219K/yr. $2M. 10.97% Cap. Upside potential when fully leased.
7. Neighborhood Center in Jacksonville, FL: 32,976 SF attractive neighborhood center at signalized intersection with good national/local and regional tenants. NOI $369K/yr. $3.875M. 9.55% Cap.
8. Medical Plaza in Northridge, CA: 44,200 SF Class-A multi-tenant medical plaza on 1.69 acres of land conveniently located near major freeways. 100% leased. NOI $795K/yr. $10.650M. 7.47% Cap. Buyer to assume $5.950M at 5.65% interest rate.
   
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