Top 9 Properties 06-09-10

1. Office Building in Concord, CA: 18,400 SF Class-B multi-tenant office building with ample parking conveniently located near Bart-Concord Station. NOI $235K/yr. $2.944M. 8% Cap.  
2. Strip Center in Clearwater, FL: 9500 SF strip center renovated in 1997 on over 1 acre lot with excellent visibility along US-19. 88% NNN leased by three tenants. NOI $132K/yr. $1.2M. 9.70% Cap.
3. Shopping Center in Missouri City, TX: 54,158 SF attractive shopping center built in 1996 on 5.50 acres of parcel in fast growing Houston suburbs. 100% leased. Proforma NOI $705K/yr. $6.999M. 10.10% Cap.
4. Apartments in Pomona, CA: 17-units apartment complex on .46 acre lot close to parks and Fwy-10. 94% leased. NOI $153K/yr. $1.790M. 8.60% Cap.  
5. Shopping Center in Katy, TX: 24,285 multi-tenant shopping center constructed in 2004 on 1.39 acres of land in fast growing Huston metro. 100% leased. NOI $404K/yr. $3.850M. 10.50% Cap.
6. Shopping Center in Fisher, IN: 15,019 SF well located shopping center constructed in 2004 at hard signalized intersection with excellent tenant mix. 89% leased. NOI $277K/yr. $3.1M. 8.95% Cap. Upside potential when fully leased.
7. Strip Center in Cicero, IL: 7,385 SF multi-tenant retail center located at primary retail corridor. 100% leased by six retail tenants. NOI $159K/yr. $1.850M. 8.61% Cap.
8. Shopping Center in Sunrise, FL: 21,612 SF shopping center built in 1977 on 1.54 acres of parcel located along heavily traveled thoroughfare. NOI $251K/yr. $3.4M. 7.39% Cap. Buyer to assume $2.210M at 5.62% for the first five years.
9. Hardee’s Restaurant in Kansas City, MO: 3125 SF single-tenant fast food restaurant constructed in 1980 on .77 acre lot. New 20-years absolute NNN leased by strong franchisee. 10% increases every 5-years. NOI $60K/yr. $727K. 8.25% Cap.   

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