Thursday, May 13, 2010

Top 8 Properties 04-29-10

  1. Apartments in Spring Valley, CA: 61-units well-maintained apartment complex with pool, three barbecue areas and basketball recreational area just minutes from San Diego Downtown near SR-94. NOI $461K/yr. $6.595M. 7% Cap.
  2. Back Yard Burgers in Cordova, TN: 2626 SF free-standing Back Yard Burgers franchised Restaurant on .68 acre outparcel to a 228,000 SF shopping center anchored by Kroger Supermarket along dominant retail corridor. New 20-years absolute NNN lease with 1.5% annual rent increases. NOI $ 90K/yr. $825K. 10.91% Cap.
  3. Shopping Center in Downey, CA: 15,811 SF mature shopping center on over 1 acre lot anchored by Little Caesars Pizza and 7-Eleven at signalized corner. 96% NNN leased. NOI $367K/yr. $4.8M. 7.65% Cap.
  4. Dollar Tree in Westminster, CO: 16,868 SF single-tenant retail building at highly visible corner location in fast growing Denver suburbs. 100% NNN leased. NOI $151K/yr. $1.898M. 8% Cap.
  5. Multifamily Building in Houston, TX: 60-units two-story multifamily building with beautiful pool/courtyard and recent upgrades: roof, exterior paint and ceramic tile.  83% occupied. NOI $179K/yr. $1.920M. 9.4% Cap.
  6. Apartments in San Leandro, CA: 5-units well-maintained multifamily building close to public transportation, park and school. 100% occupied. NOI $61K/yr. $700K. 8.8% Cap.
  7. Apartment Complex in Long Beach, CA: 7-units attractive apartment complex near Colorado Lagoon Park just walking distance from the beach. NOI $70K/yr. $975K. 7.04% Cap.
  8. Buildings in San Francisco, CA: 7020 SF mature buildings at corner location with two tenants: market and church. 100% NNN leased. NOI $110K/yr. $1.7M. 6.5% Cap.  
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