Thursday, January 20, 2011

01-06: Shopping Centers, Medical Office building, Pep Boy For sale

1.      Shopping Center in Lincoln, CA: 40,477 SF 3 yrs old shopping center on 3.5 acres lot in booming middle class Sacramento suburbs.  100% NNN leased to 2 national tenants: Staples and Pets mart with 7 yrs remaining.  NOI $713K/yr. $10.186M. 7% cap.
2.      Medical Office Building in San Bernardino, CA: 15,049 SF single-tenant surgery and MRI center on 1.37 acres lot with easy access to I-10, and I-210.  Seller will lease back the property at close of escrow.  $4.89M.
3.      Pep Boys in Albuquerque, NM: 17,925 SF auto parts and service center on a major artery.  15 yrs NNN lease.  NOI $198K/yr. $2.647M. 7.5% cap.
4.      Retail Center in Anaheim, CA: 8100 SF multi-tenant retail center on .92 ac lot with easy access to I-5.  100% leased.  NOI $160K/yr. $2.195M. 7.3% cap.
5.      Strip Mall in Federal Way, WA: 8667 SF strip center on ½ ac lot in Seattle metro.  100% leased.  NOI $175K/yr. $2.35M. 7.48% cap.
6.      Shopping Center in Powell, OH: 8198 SF shopping center built in 2003 in wealthy Columbus suburbs (AHI $139K/yr in 1 mile).  100% NNN leased.  NOI not avail.  $1.35M.

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