Monday, May 3, 2010

Top 6 Properties 04-19-10

  1. Retail Center in Folsom, CA: 5900 SF attractive retail center constructed in 2000 across from Target Shopping Center in Sacramento metro. Excellent tenant mix: Beach Hut Deli, American General Finance, Top Cuts and Cal X Fun Spas. NOI $148K/yr. $1.899M. 7.83% Cap. Buyer to assume $943K loan at 6.15% interest rate.
  2. Childtime Learning Center in Chula Vista, CA: 8280 SF single-tenant day care facility built in 2000 on .92 acre lot in prosperous (AHI $116K/yr within one mile radius) South of San Diego suburbs. 100% NNN corp lease. NOI $224K/yr. $2.420M. 9.26% Cap.
  3. Shopping Center in Mesquite, TX: 51,390 SF mature shopping center on 4.88 acres of land  in densely populated area near I-635/Hwy-80 in middle-class Dallas metro. 83% leased. NOI $350K/yr. $3.980M. 8.81% Cap.
    • Upside potential when fully leased.
  4. Multifamily Building in Arvada, CO: 32-units two-stories brick apartment complex with new windows close to parks/shopping centers near I-70 in Denver metro. NOI $141K/yr. $1.995M. 7.11% Cap.
  5. Retail Center in Van Nuys, CA: 13,493 SF two-stories strip center with excellent visibility in densely infill location with over 700K residents within 5 miles ring. NOI $157K/yr. $2.190M. 7.20% Cap.
  6. Shopping Center in New Caney, TX: 55,944 SF grocery-anchored shopping center on 6.88 acres of land with outstanding highway exposure in fast growing  North Houston suburbs. 100% leased. NOI $350K/yr. $3.800M. 9.20% Cap.
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