Top 9 Properties 04-28-10

1. Apartments in Worth, IL: 32-unit apartments with 24 2-BR units on 1 acre lot in Chicago metro.  97% occupied.  Proforma NOI $162K/yr. $2.075M. 7.8% cap. 
2. Brand new apartments in Newark, NJ: 6-unit apartment building (2 2-BR & 4 3-BR units)  with onsite parking & garages. 100% occupied.  NOI $82K/yr. $979K. 8.37% cap. 
3. Apartments in Santa Clara, CA: 26-unit apartments on .69 acre lot in a high income (AHI $105K/yr) rental market in Silicon Valley. NOI $231K/yr. $3.7M. 6.26% cap. 
4. Pep Boy Auto in Kissimmee, FL: 21,615 SF auto parts and automotive center on 2.53 acres lot in Orlando metro.  15 yrs absolute NNN lease with 13 yrs remaining. NOI $269K/yr with annual 1.5% rent bump. $3.493M. 7.7% cap. 
5. Rite Aid in Newport News, VA: 12,608 SF drug store on 1.4 acres lot.  25 yrs NN leased till 2021.  NOI $186K/yr.  $1.957M. 9.5% cap. 
6. Asian Shopping Center in Doraville, GA: 51,205 SF shopping center in North Atlanta.  Anchored by 99 Ranch Market. 100% leased.  NOI $517K/yr. $5.169M. 10% cap. 
7. Apartments in Wilmington, CA: 10-unit apartments in a densely populated area. NOI $72K/yr. $969K. 7.45% cap. 
8. Apartments in East Palo Alto, CA: 20-unit apartments on ½ acre lot in a wealthy city in Silicon Valley (AHI $154K/yr).  100% occupied.  Condo conversion possible.  NOI $147K/yr. $2.499M. 5.9% cap. 
9. Office Building in Austin, TX: 6136 SF office building on .86 acre lot with I-35 visibility in a fast growth upper middle class area (AHI $89K/yr).  85% leased.  Proforma NOI $105K/yr.  $1.15M. 9.13% cap.

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