Top 8 Properties 01-07-10

1. Montessori Childcare Center in Chino, CA: 4732 SF single-tenant franchised childcare center on ½ acre corner lot in a densely populated middle class city. New 10 yrs NNN lease. NOI $75K/yr. with 3% annual rent increase from 2012. $1M. 7.57% cap. Great for 1st time investors.
2. Mini Storage in Denton, TX: 63,240 SF 164-unit mini storage facility on 4.5 acres lot in Dallas metro. 93% leased. NOI $185K/yr. $1.85M. 9.77% cap.
3. Apartments in Van Nuys, CA: 28 townhome-unit apartments on 1 acre lot in a densely-populated city with over 700K residents within 5 miles ring. Swimming pool and gated parking/entry. Gross income of $411K/yr. $3.225M.
4. Shopping Center in Richardson, TX: 7302 SF retail center in a wealthy Dallas suburban with AHI over $102K/yr. near Hwy 75. 100% NNN leased by 4 good tenants. NOI $193K/yr. $2.42M. 8% cap.
5. Romano’s Macaroni Grill in Colorado Springs, CO: 7814 SF franchised restaurant built in 1999 on 2 acres corner lot. 20 yrs absolute NNN corp lease. NOI $218K/yr with 2% annual rent bump. $2.575M. 8.5% cap.
6. Strip Center in Norwalk, CA: 9946 SF strip mall built in 1985 just 4 short blocks for I-5. 100% leased. NOI $166K/yr. $2.59M. 6.4% cap. Only $260/SF.
7. Office Building In Auburn, CA: 12,779 SF 2-story 10-unit office building on 1 acre lot near I-80, North East of Sacramento. 95% leased. NOI $161K/yr. Price reduced from $1.65M to $1.55M. 10.4% cap with current income.
8. Apartments in San Francisco, CA: 27-unit studio apartments adjacent to San Fran Hilton and a few short blocks from Moscone center. Excellent demographics with AHI over $135K/yr. NOI $188K/yr. $2.85M. 6.62% cap.
   
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