Wednesday, June 15, 2011

06-01: Office Building, Retail centers, Apartments, CVS, Dollar General


1.     Office Building in Las Vegas, NV: 42,765 SF trophy class-A two-story office building near  Summerlin Library and Performing Arts Center  in affluent (AHI $163K/yr  within 1-mile) area. 100% NNN leased with about 90% leased to national tenants with long-term leases. NOI $1.007M. $14M. 7.19% Cap.
2.     Strip Center in Scottsdale, AZ: 12,610 SF strip center built in 2004 on 2 ac lot at densely-populated retail corridor. 82% leased. Current NOI $163K/yr. $2.425M. 6.74% Cap. Upside Potential. 
3.     Retail Center in Oxnard, CA: 15,750 SF retail center on 1.42 ac lot at a corner location next to major boulevard with excellent tenant mix. NOI $240K/yr. $2.7M. 8.9% Cap.
4.     Apartments in Austin, TX: 56-units well-maintained apartments close to major highways  in fast growing area. Recent interior upgrades. 92% occupied. NOI $131K/yr. $1.595M. 8.25% Proforma Cap.
5.     Dollar General in Fort Myers, FL: 9100 SF newly constructed retail building on .68 ac lot near Edison Mall. 15-years absolute NNN corp lease.  NOI $124K/yr. $1.712M. 7.30% Cap.
6.     Strip Center in Bountiful, UT: 15,197 SF strip center at busy corner location off of Hwy-15 in growing Salt Lake City suburbs. NOI $273K/yr. $3.250M. 8.40% Cap.
7.     CVS Pharmacy in Palm Bay, FL: 11,200 SF free-standing building near Hammock Landing a brand new 750,000 SF power center in close proximity to Hwy-95. 12-yrs remaining on lease. Absolute NNN corp lease. NOI $264K/yr. $3.647M. 7.26% Cap.
8.     Retail Center in Elk Grove Village, IL: 14,030 SF mature retail center on 1.49 ac lot with stable long term tenants. 93% leased. NOI $126K/yr. $1.425M. 8.90% Cap.    

© Transmercial 2011.

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