09-29: Storage Facility, Office Builings, Shopping Center For Sale

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.

AHI: Avg. Household Income

NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.

NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

1. Storage Facility in Victorville, CA: 59,630 SF storage facility on 2.7 acres of land with numerous amenities: electronic gates, security cameras throughout the facility located along busy thoroughfare with high visibility from Fwy-15. NOI $195K/yr. $2.175M. 8.97% Cap.
2. Office Buildings in Stockbridge, GA: 28,849 SF two-story office buildings consisting of three buildings with professional/medical tenants just minutes from Henry Medical Center in fast growing Atlanta metro. 90% leased. NOI $363K/yr. $3.815M. 9.54% Cap.
3. Strip Center in Fort Collins, CO: 3601 SF recently renovated two-tenants strip center outparcel to Whole Foods anchored center at hard-signalized intersection. 100% leased by national tenants: Radio Shack & Floyds Barber Shop. 100% leased. NOI $105K/yr. $1.4M. 7.53% Cap.
4. Shopping Center in West Chicago, IL: 9482 SF shopping center along main retail corridor with good tenant mix in densely populated area. NNN leases. NOI $106K/yr. $1.075M. 10% Cap. Upside potential as there are two vacant units.
5. Strip Center in Conway, AR: 12,000 SF multi-tenant strip center built in 2001 on 1.25 acres of land with excellent tenant mix: Moe’s Southwest Grill, Nail Salon, Californian Yogurt, Papa Murphy’s, Chicken City, Jackson Hewitt and the hair company in fast growing North of Little Rock, AR. 100% leased. NOI $168K/yr. $2.250M. 7.5% Cap.      

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