Top 10 Properties 02-09-10

1. Apartments in McAllen, TX: 88-units beautiful apartment complex on 3.90 acres of land with many amenities: tennis court, basketball court, picnic area with gazebo, playground, and swimming pool. Close to shopping centers and in affluent (AHI $109K/yr.) area. 95% leased. NOI $280K/yr. $5M. 8% Cap.
2. Retail Center in Brentwood, CA: 7969 SF four-years old retail center on over one acre lot in a booming (66% growth) middle class (AHI of $87K/yr) San Fran Bay Area. 100% NNN leased. NOI $208K/yr. $2.675M. 7.79% Cap. Seller will carry 70% LTV loan at 6% interest.
3. Shopping Center in Arlington, TX: beautiful upscale Class-A trophy shopping center built in 2007 just off of I-360 in high income Dallas metro. 96% leased by local/national tenants. 8% Cap. $197/SF. Price not disclosed.
4. Office Building in San Francisco, CA: 11,747 SF office building renovated in 1984 with several recent upgrades at busy corner location. 93% leased by multiple tenants. 7% Cap. Price not disclosed.
5. Shopping Center in Lombard, IL: 124,627 SF well located, recently remodeled shopping center on 9.84 acres of land anchored by Hobby Lobby and Dollar General in middle-class Chicago suburbs. 100% NNN leased. NOI $1.065M. $11.835M. 9% Cap.
6. Shopping Center in Jonesboro, GA: 16,554 SF shopping center on 2.89 acres of parcel adjacent to Kroger with great access to I-75. 100% NNN leased by long term tenants: Church’s Chicken, Metro PCS mobile, tax service and more. NOI $198K/yr. price reduced to $2.090M. 10.22% Cap.
7. Office Building in San Jose, CA: 6520 SF 2-stories vacant office building with excellent visibility along the prestigious Saratoga Ave. $1.595M. Excellent for owner user!
8. Shopping Center in Milpitas, CA: 48,468 SF well-maintained shopping center on 4.30 acres of land anchored by Starbucks, Subway and H&R Block at highly visible location off of Fwy-680. Excellent demographics with AHI over $125K/yr within 1 mile ring. NOI $1.218M. $16.500M. 7.5% Cap.
9. Shopping Center Hialeah, FL: beautiful 23,260 SF newly constructed shopping center on 1.75 acres of land near Palmetto General Hospital off of Expw-826 in North Miami. NOI $510K/yr. $6.8M. 7.5% Cap.
10. KFC in Norcross, GA: 2243 SF free-standing retail building in fast growing Atlanta metro. Absolute NNN leased till 2024 by strong multi-unit franchisee. 10% rent increases every 5-years. NOI $73K/yr. $800K. 9.24% Cap. Excellent for 1st time investor.
    
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