Top 9 properties 12-08-09

1. The Old Spaghetti Factory Restaurant in Duarte, CA: 14,415 SF unique retail building on 2.25 acres of land adjacent to I-210 off ramp. Successful location with sales increasing annually. New long NNN lease with over 10 yrs remaining. NOI $ 264K/yr. $3.7M. 7.16% Cap.
2. Strip center in Pittsburg, CA: 9600 SF new retail center on an outparcel to a shopping center anchored by Mi Pueblo Supermarket, an expanding grocery supermarket chain in Northern California. Great location next to Hwy 4 exit. 100% NNN leased by 5 good brand name tenants: Panda Express, Pittsburg Federal Credit Union, Cartridge World, UPS, and Western Dental. NOI $347K/yr. $4.8M. 7.25% cap.
3. Retail Center in Alameda, CA: 6132 SF strip mall built in 1992 on .62 acres outparcel to a 127,500 SF shopping center anchored by Lucky Supermarket and CVS Pharmacy. 100% NNN leased by 3 national tenants: Chase, Quizno’s sub, and Hairmasters Salon (by Regis Corp.) NOI $200K/yr. $2.785M. 7.21% cap.
4. Shopping Center in Sacramento, CA: 10,791 SF 7-unit retail center built in 2007 on 1.1 acre lot. 88% NNN by 6 tenants with just 1 small vacant unit. Proforma NOI $340K/yr. $4.15M. $8.2% proforma cap. Seller/developer will accept a low $3+M offer! Great location:
   · Near Hwy 99 exit
   · Close to Costco and Kaiser Permanente campus.
5. Medical Plaza in Tucson, AZ: 10,456 SF medical building constructed in 2004 on 1.24 acres of parcel located in fast growing area. 100% NNN leased by several medical tenants. NOI $193K/yr. $2.275M. 8.5% Cap.
6. Multifamily Buildings in Inglewood, CA: 32-units apartments complex in a densely populated Los Angeles city with over 725K residents within 5 miles radius with AHI over $80K within 5 miles radius. NOI $185K/yr. Price reduction from $2.55M to $2.3M. 8.10% Cap.
7. Shopping center in San Jose, CA: 12,711 SF shopping center built in 1986 on 1.25 acres lot at the corner of Capitol Expressway and I-680 in a high income area with high barrier for entry. 100% NNN leased by 8 tenants. NOI $481K/yr. $5.85M. 8.23% cap.
8. Shopping Center in Houston, TX: 31,021 SF well maintained shopping center on 2.42 acres of land at high traffic location with excellent access from several streets. 100% leased by long-history tenants. NOI $223K/yr. $2.250M. 9.92% Cap.
9. Staples in Phoenix, AZ: 20,390 SF retail building constructed in 2007 on 2.34 acres of parcel anchored by Lowe’s surrounded by multiple national tenants. 100% NNN leased till 2018. NOI $305K/yr. $3.825M. 8% Cap.
   

Sales Activities:
1. Goodyear Tires Auto in Omaha, NE: in contract.
2. Apartments in Martinez, CA: closed escrow.
3. Walgreens in Schertz, TX: in contract
4. Shopping center in Houston, TX: in contract.
5. Shopping center in Grapevine, TX: closed escrow.
6. Walgreens in Plantation, FL: closed escrow
7. O’Reilly Auto in Grapevine, TX: closed escrow


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