Top 6 Properties of 04-02-10

1. Retail Building in Turlock, CA: 14,222 SF newly constructed retail building on 1.27 acres of parcel across from Costco off of I-99. New 5-years NNN lease. 2% annual rent increases. NOI $204K/yr. $2.275M. 9% Cap.
2. Shopping Center in Cypress, CA: 22,414 SF shopping center consisting of two-retail building on 1.65 acres of land at strong retail area surrounded by many national tenant. 83% leased. NOI $204K/yr. $2.924M. 7% Cap. Buyer to assume non-recourse $1.891M. loan at 5.29% interest rate.
3. Medical Park Office in Naples, FL: 25,883 SF attractive medical building near Naples Community Hospital and Physicians Regional Medical Center along main thoroughfare. NNN leased. NOI $538K/yr. $5.988M. 9% Cap.
4. Walgreen’s & Kragen Center in San Jose, CA: 30,600 SF shopping center built in 1990 on 2.48 acres of land at prime location. 90% NNN leased. Proforma NOI $505K/yr. $7.495M. 6.75% Cap.
5. Shopping Center in Lynwood, CA: 10,446 SF well-kept shopping center built in 1990 anchored by Subway and H&R Block with excellent visibility across from St. Francis Medical Center. 100% NNN leased. NOI $204K/yr. $2.8M. 7.32% Cap.
6. Office Building in Salem, OR: 7252 SF attractive office building in fast growing area near I-5. 100% NNN leased by Oregon Health Department. NOI $108K/yr. $1.175M. 9.26% Cap.

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