Top 10 Properties 11-20-09

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NOI: Net Oper Income
AHI: Avg Household Income

1. Mini-Storage in Napa, CA: 52,875 SF mini-storage facility on 12.62 acres of land conveniently located off of Hwy-12/29 in wealthy (AHI $101K/yr) wine-country valley. NOI $555/yr. $7.5M. 7.4% Cap.
2. Retail Center in Las Vegas, NV: brand new 8600 SF retail center on 1 acre lot surrounded by new residential/commercial development in fast (687.69%) growing area. 100% NNN leased. NOI $320K/yr. $3.2M. 10% Cap.
3. Shopping Center in Redlands, CA: 13,490 SF multi-tenant shopping center built in 2004 on 1.23 acres of parcel near Fwy-10. 100% NNN leased. NOI $244K/yr. $3.060M. 8% Cap.
4. Apartments in Birmingham, AL: two-stories beautiful 24-units recently renovated apartment complex on .66 acre lot close to Expy-280. 95% leased. NOI $110K/yr. $1.350M. 8.20% Cap.
5. Shopping Center in Rockford, IL: 20,620 SF well maintained retail center on 2.5 acres of land adjacent to Target, Petsmart, Marshalls and more. 100% NNN leased. NOI $402K/yr. $4.467M. 9% Cap. Price recently reduced.
6. Strip Center in Aurora, IL: 7419 SF strip center on .97 acre lot at highly visible location with stable tenant mix. 100% leased. NOI $159K/yr. $1.874M. 8.5% Cap.
7. Apartments in Houston, TX: 70-units 2-story multifamily building on over one acre lot in a quiet & well-off (AHI $95K/yr within 5-mile radius) neighborhood. 90% leased. NOI $188K/yr. $2.250M. 8.36% Cap.
8. Family Dollar Retail Building in Oklahoma City, OK: 8970 SF 3-years old free-standing retail building on 2.73 acres of land along active road near Hwy-77. 100% NNN leased by recession-resistant tenant. NOI $69K/yr. $700K. 10% Cap. Excellent for 1st time investor.
9. Office Building in Portland, OR: 9800 SF newly renovated office building in fast growing area. New 7-years lease to be executed upon closing escrow. NOI $262K/yr. $1.875M. 14% Cap.
10. Tires Plus in Miami, FL: 6720 SF free-standing automotive center constructed in 1999 on over one acre lot at major artery next to Palmetto Expressway. 100% absolute NNN lease with 9 yrs remaining. NOI $170K/yr. $2.125M. 8% cap.
    
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