Top 6 Properties 02-04-10

1. Apartments in North Hills, CA: 10-units well-maintained apartment complex with many recent upgrades. 100% leased. NOI $83K/yr. $1.150M. 7.26% Cap.
2. Walgreens Pharmacy in Corinth, TX: 13,650 SF pharmacy built in 2003 across from Wal-Mart Supercenter in affluent (AHI $104K/yr.) Dallas suburbs. Long absolute NNN leased. NOI $330K/yr. $4.409M. 7.5% Cap.
3. Office Building in Temecula, CA: 28,353 SF two-story single-tenant office buildings on 1.80 acres of land conveniently located near I-15. 100% leased to Mt. San Jacinto Community College with options to renew. NOI $548K/yr. $5.750M. 9.54% Cap.
4. Shopping Center in Houston, TX: 82,732 SF mature shopping center on over 7 acres of land at hard corner location along I-45. 84% leased. NOI $756K/yr. $7.4M. 10.22% Actual Cap. Upside Potential.
5. Strip Center in Long Beach, CA: 5823 SF strip center in well populated area at busy corner location. 100% NNN leased by strong tenants: Wells Fargo, Hawaiian BBQ, Jamba Juice and Red Brick Pizza. NOI $279K/yr. $3.6M. 7.77% Cap.
6. Shopping Center in Bakersfield, CA: 11,915 SF mature well located shopping center on over one acre lot near Fwy-210. NOI $79K/yr. $988K. 7% Cap.
   
   © Transmercial 2010. All rights reserved.