Wednesday, August 31, 2011

08-17: Shopping centers, Office buildings


  1. Shopping Center in Long Beach, CA: 34,647 SF well-maintained 11-tenant shopping center  in densely populated area. 100% NNN leased. NOI $497K/yr. $6.850M. 7.26% Cap. Buyer to assume $3.6M at 5.19% interest. 
  2. Retail Center in Las Vegas, NV: 17,347 SF upscale retail center on 1.73 ac lot at a busy corner location with excellent egress/ingress in upper-middle class master planned community.  100% leased to 8-tenants. NOI $572K/yr. $7.152M. 8% Cap. 
  3. Office Park in Oceanside, CA: 93,525 SF well-kept office building on 6 ac lot close to I-5 in high income coastal city. 79% leased including secure governmental tenants. NOI $1.042M/yr. $11.85M. 8.80% Cap. 
  4. Strip Center in Spartanburg, SC: 7200 SF brand-new strip center across The Home Depot/Wal-Mart in close proximity to Westgate Mall and I-26. 100% leased to 3 tenants including Aspen Dental and Chipotle. NOI $219K/yr. $2.580M. 8.51% Cap. 
  5. Office Building in Campbell, CA: 2,022 SF free-standing office building at a corner highly visible location along busy thoroughfare. $749K. Perfect for owner-user. 
  6. Strip Center in Auburn Hills, MI: 10,025 SF newly constructed strip center  near the entrance of Oakland University. 100% NNN lease with at least 10 yrs terms. NOI $277K/yr. $3.463M. 8% Cap. 
  7. Community Center in Rancho Cucamonga, CA: 22,871 SF shopping center on over 2 ac lot next to Fwy-210 in affluent city (AHI $108K/yr in 1 mile). Anchored by Trader Joe’s. 100% leased. NOI $604K/yr. $8.5M. 7.11% Cap.  
  8. Retail Building in Monterey, CA: 2700 SF retail building built in 1991 on .38 ac lot at a busy retail location. 100% leased to Jiffy Lube and Cypress Studios. NOI $152K/yr. $2.150M. 7.10% Cap.
© Transmercial 2011.

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