- Shopping Center in San Jose, CA: 36,895 SF retail/medical office center built in 1986 on over 3 acres corner lot in high income (AHI $112K/yr) South San Jose. 100% leased to 10 retail tenants and 5 medical tenants. NOI $561K/yr. Price reduced to $7.5M. 7.5% cap.
- Bank-owned Shopping Center in Pearland, TX: 27,573 SF strip center built in 2008 in high-growth (101% since 2000), high income (AHI $93K/yr) Houston suburbs. 90% leased. NOI $531K/yr. $5.9M. 9% cap.
- Bank-owned Apartments in Sacramento, CA: 60-unit apartments on 1.41 acres lot in middle-class area of the city. NOI $210K/yr. $2.5M. 8.4% cap.
- Retail Plaza in Mt Vernon, WA: 30,000 SF 2-building multi-tenant retail center on 1.94 acres lot 1 hr North of Seattle. 100% leased. NOI $245K/yr. $3.505M. 7% cap.
- Shopping Center in Summerfield, FL: 27,171 SF retail center on state HW 441 in a fast growing city (116% since 2000). Across from Walmart supercenter. 100% NNN leased by Office Depot, Credit Union and medical tenant. NOI $564K/yr. $6.1M. 9.25% cap.
- Motel 6 in Las Vegas, NV: 150-unit motel on 2 ac lot in Fremont district with swimming pool and 9000 SF restaurant. 75% avg occupancy. NOI $586K/yr. $6.9M. 8.5% cap.
- Applebee’s in Ypsilanti, MI: 5156 SF family restaurant built in 2001 on 2.75 acres outparcel to Target, Lowe’s, and Meijer Superstore anchored shopping center in Ann Arbor metro. 100% absolute NNN lease with 18 yrs remaining. NOI $218K/yr with 2% annual rent bump. $2.57M. 8.5% cap.
- Apartments in Arlington, TX: 90-unit class C apartments in Dallas metro. 77% occupied. NOI $191K/yr. $1.695M. 9.8% cap. Buyer to assume $1.6M loan.
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