Wednesday, May 5, 2010

Top 9 Properties 04-21-10

  1. Medical Office Building in El Cajon, CA: 12,354 SF three-story medical building fully leased by national tenants: Sprint, Quest Diagnostics and Planned Parenthood with great freeway signage just off of I-8 in San Diego suburbs. 100% leased. NOI $185K/yr. $2.495M. 8% Cap.
  2. Retail Building in Chandler, AZ: 6429 SF Tire Pros free-standing retail building in growing (10.09%) middle-class (AHI $82K/yr within three-mile radius) area in Phoenix metro along a busy thoroughfare. 10-years absolute NNN lease with 12% increases every 5-years. NOI $97K/yr. $1.185M. 8.25% Cap.
  3. Apartments in Stockton, CA: bank owed 43-units well-maintained multifamily 2-story apartment complex on 1.26 acres of land. 93% occupied. NOI $182K/yr. $2.250M. 8.10% Proforma Cap.
  4. CVS Pharmacy in Homestead, FL: 14,579 SF architecturally distinguished CVS Pharmacy on 1.59 acres of land located in densely populated booming (57% since 2000) area just South of Miami. 100% NNN corp lease till 2026. NOI $360K/yr. $4.675M. 7.75% Cap.
  5. Condominiums in Marietta, GA: 21-extensively renovated townhouse-style condominiums renovated in 2008 at quiet Atlanta metro neighborhood. 95% leased. NOI $107K/yr. $1.260M. 8.5% Cap.
  6. Office Building in Sacramento, CA: 14,580 SF beautiful reconstructed office building in the heart of Old Sacramento. 100% leased. NOI $136K/yr. $1.7M. 8% cap.
  7. Office Building in Bradenton, FL: 33,003 SF newly constructed office buildings on 5.15 acres of parcel in the award winning master planned community of Lakewood Ranch in a middle class Tampa metro. 100% NNN leased till 2024 to a charter school. NOI $577K/yr. $7.214M. 8% Cap.
  8. Office Building in Sacramento, CA: 11,614 SF two-story office building close to Fwy-5/50. $1.1M. Perfect for owner user!
  9. Office Building in San Jose, CA: 10,800 SF recently renovated free-standing office building conveniently located at corner location along Winchester Blvd. in a high income Silicon Valley (AHI $110K/yr). $1.1M. Ideal for owner user!   
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