Top 9 Properties 10/20/09

1. Shopping Plaza in Albany, OR: 109,891 SF neighborhood center shadow anchored by Albertson grocery. Located Across from Heritage Mall a 328,000 Square Foot regional mall anchored by Target, Old Navy, Ross Dress for Less and Sears. 83% occupied. NOI $676K/yr. $7.5M. 9% cap.
2. Apartments in Round Rock , TX: 24-unit 1br-1ba well maintained apartments complex built in 1985 in a high-growth, high-income Austin metro. Large 860 SF units. 100% occupied with gross income of $194K/yr. NOI $101K/yr. $1.15M. 8.84% cap.
3. Retail Building in Milpitas, CA: 7500 SF 2-story retail building on Calaveras and I-680 with 68 parking spaces. Former restaurant and currently vacant. $1.099M,
4. Office Building in Auburn, CA: 12,779 SF 2-story well-maintained multi-tenant office building on 1 ac lot in Sacramento metro. Renovated in 2005. 95% occupied by 9 tenants. NOI $165K/yr. $1.65M. 9.72% cap.
5. Shopping Center in Chicago, IL: 17,974 SF retail center 1.47 acres lot with excellent visibility. 92% leased. NOI $235K/yr. $2.355M. 10% cap.
6. Burger King in Valdosta, GA: 2859 SF restaurant on ½ ac lot. 100% NNN lease with corp guaranty. NOI $88K/yr. $1.173M. 7.5% cap.
7. Flagged Hotel in Phoenix, AZ: 97-unit motel near the airport and minutes from popular attractions like Chase Field, US Airways Center and the Phoenix Convention Center in Downtown Phoenix. $3.5M. 10% cap.
8. Strip center in Draper, UT: 7141 SF strip center built in 2007 on .62 ac outparcel to a larger shopping center in a fast growing middle upper class (AHI $92K/yr) South of Salt Lake City. 100% NNN leased. NOI $212K/yr. $2.661M. 8% cap.
9. Strip center in Ogden, UT: 6930 SF recently-remodeled multi-tenant retail center North of Salt Lake City. 100% occupied. NOI $75K/yr. $815K. 9.23% cap. Great for first time investors.
   
   © Copyright Transmercial 2009. All rights reserved.