Top 6 Properties of 10-30-09

1. Apartments in Martinez, CA: well-maintained 18-unit apartments complex in San Francisco Bay area with upgraded plumbing and electrical systems. Gross income of over $139K/yr. $1M. Seller will carry 80% loan at 6% interest.
2. Walgreens in Daytona Beach, FL: 13,641 SF drug store built in 1997on 1.56 acres corner lot. 20 yrs NN lease with 8 yrs remaining. NOI $226K/yr. $2.5M. 9.05% cap.
3. Retail center in San Jose, CA: 7000 SF mature retail center on Story road across my the new Home Depot. 100% leased. NOI $180K/yr. $2M. 8% cap.
4. KFC in Sebring, FL: 2311 SF restaurant built in 1997 on ¾ ac lot. Long term NNN lease by an operator with 8 units. NOI $80K/yr. Price reduced to $871K. 9.25% cap.
5. Apartments in Oakland, CA: 29-unit apartment in a densely-populated area. 90% occupied. Gross income of $274K/yr. $1.66M. 9% cap.
6. Tire Plus in Miami, FL: 6720 SF single-tenant automotive center built in 1999 on 1..1 acre lot a major artery next to Palmetto Expressway. 100% absolute NNN lease with 9 yrs remaining. NOI $170K/yr with 10% rent bump every 5 yrs. $2.16M. 7.9% cap.
   
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