1. Shopping Center in the Woodlands, TX: 64,206 SF shopping center on 7 acres lot in fast growing and middle class Northern Houston suburbs. Near I-45. Anchored by HEB supermarket and Big Lots! 100% NNN leased. NOI $421K/yr. $4.9M. 8.6% cap.
2. Hardees in St Petersburg, FL: 2652 SF restaurant on ¾ ac lot at a signalized intersection. New 20 yrs absolute NNN corp lease. NOI $108K/yr. $1.44M. 7.5% cap.
3. Apartments in Houston, TX: 126 unit apartments in NW Houston with enclosed swimming pool. 91% occupied. Pro forma NOI $227K/yr. $2.3M. 9.9% pro forma cap. Just over $18K/unit.
4. Short sale Apartments in Las Vegas, NV: lender-approved short sale of 244 unit apartments on 8.13 acres lot. Property was acquired in 2006 for $14.5M. Proforma NOI $1.06M. $8.4M. 12.64 pro forma cap.
5. Office Building in Desoto, TX: 19,111 SF office building on 1.46 acres lot in Dallas metro. 91% leased. NOI $144K/yr. 1.6M. 9% cap.
6. Rite Aid in Reading, MA: 13,611 SF drug store in affluent Boston suburbs (AHI $99K/yr in 1 mile). New 20 yrs absolute NNN lease. NOI $303K/yr with 10% rent bump every 10 yrs. $3.469M. 8.75% cap.
7. Strip Center in Las Vegas, NV: 13,727 SF strip center built in 1996. Across from Santa Fee Station casino and off US-95. NOI $179K/yr. priced to sell at $1.999M 9% cap.
8. Multi family in Redwood City, CA: 5050 SF 5-plex with 5 individual garages in the middle of Silicon Valley. 100% occupied. NOI $52K/yr. $978K. 5.35% cap.
9. Gated Resort in Kissimmee, FL: 79 gated resort with 7000 SF club house, pool, lakes, children play area, gym, hot tub, and 34 single family attached homes. Site is approved for additional 780 homes. Bank has $18M lien on the property. All for $5M.
© Transmercial 2011.
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