Top 7 Properties 01-11-10

1. Office Building in Richmond, VA: 22,722 SF office building complex on 1.89 acres lot in a high income part of Richmond (AHI $86K/yr). 90% leased by 17 tenants with high avg tenancy of over 10 yrs. NOI $176K/yr. $1.9M. 9.28% cap.
2. Shopping center in Los Angeles, CA: 20,072 SF shopping center built in 2004 on 1.94 acres lot in high income Pasadena/Glendale area. 100% leased by all national tenants: Walgreens, Starbucks Quizno's, Jamba Juice and Coldstone Creamery. NOI $670K/yr. $9.25M. 7.25% cap.
3. Kindercare Childcare center in Laveen, AZ: 10,145 SF childcare center built in 2007 on 1.15 acres outparcel to a shopping center anchored by Safeway in Phoenix metro. 15 yrs absolute NNN corp lease with 13 yrs remaining. NOI $233K/yr. with 7% rent bump every 5 yrs. $2.912M. 8% cap.
4. Apartments in Los Angeles, CA: 22-unit 3-story apartments in a densely-populated city with over 1M residents within 5 miles ring. High income area with AHI over $97K/yr. NOI $178K/yr. $2.5M. 7.13% cap.
5. Strip mall in Rockford, IL: 9000 SF strip center on over acre pad site in front of Wal-mart. 100% NNN leased by 2 tenants: BD Mongolian Grill and Aspen Dental. NOI $250K/yr. $2.75M. 9.1% cap.
6. Medical Office Building in Plano, TX: 34,764 SF 2-story medical office building constructed in 2002 on Campus of Plano Medical Center in an affluent Plano with AHI over $117K/yr in Dallas metro. NOI $603K/yr. $7.725M. 7.81% cap.
7. Medical Office Building in Orange Park, FL: 26,842 SF medical office building on over 2 acres lot on campus of Orange Park medical center in a fast growing Jacksonville metro. NOI $309K/yr. $3.65M. 8.45% cap.
   
   © Transmercial 2010. All rights reserved.