Tuesday, October 18, 2011

10-04: Shopping centers, Medical Office Building


  1. Shopping Center in Woodland, CA: 22,400 SF seven-tenant shopping center a busy signalized intersection Northwest of Sacramento and close to I-5. 94% leased. NOI $96K/yr. $1.29M. 7.5% cap.  
  2. Shopping Center in Glenview, IL: 36,597 SF 9-unit shopping center built in 2005 on 3.28 ac lot in very affluent (AHI $127K/yr) Chicago suburbs. .  Anchored by Staples and next to Trader Joe’s and Walgreen’s. 100% NNN leased.  NOI $740K/yr. $8M. 9.25% cap.  
  3. Shopping Center in Miami Gardens, FL: 93,991 SF well-maintained shopping center built in 1991 on 10.19 acres lot in Miami metro. Anchored by Winn-Dixie supermarket. 93% leased. NOI $876K/yr. $10.95M. 8% cap. 
  4. Shopping Center in Arlington, TX: 62,676 SF shopping center on 5.5 acres lot in high income Dallas metro (AHI $77K/yr in 1 mile).  Anchored by Kroger Supermarket and Family Dollar.  93% leased.  NOI $420K/yr. $5.25M. 8% cap. 
  5. Medical Office Building in Joliet, IL: 12,070 SF 5-yrs old medical building on 1.50 ac lot in fast growing & middle-class area in Chicago metro. 100% leased to 5 medical tenants: OB, Fertility Clinic, Sleep lab, Ophthalmologist, and General practice. NOI $236K/yr. $2.41M. 10.25% cap. 
  6. Shopping Plaza in Littleton, CO: 33,947 SF shopping plaza in affluent Denver suburbs (AHI $98K/yr in 3 miles). 100% leased.  NOI $353K/yr. $4.3M. 8.2% cap.
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