- Strip Mall in Palm Coast, FL: 7500 SF strip center on 1.05 ac lot at a major intersection in a fast growing city. 100% leased by 4 tenants. NOI $83K/yr. $1.047M. 8% cap. Seller will provide financing with 30% down.
- Bank-owned Shopping Center in Brea, CA: 45,283 SF shopping center on 4 acres corner lot on Imperial Hwy and near Hwy 57 on ramp in affluent city in Orange county (AHI $100K/yr in 3 miles). Consists of 1 multi-tenant building and 4 pads (Bank of the West, Active Ride Shop, Carl’s Jr., and Dry Cleaner). 70% NNN leased to 8 tenants with 8 small vacant units. Current NOI $782K/yr. (pro forma NOI $1.06M) $9.2M. 8.5% cap (11.5% pro forma cap). Strong upside potential when full leased.
- Shopping Center in Port Orange, FL: 14,094 SF shopping center built in 2005 on an outparcel to Target and Lowes. Next to I-95 on ramp. High income (AHI $70K/yr in 1 mile) and growing Daytona metro. Anchored by Panera Bread. 100% NNN leased. NOI $307K/yr. $3.975M. 7.75% cap.
- Medical Office Building in San Bernardino, CA: 5778 SF medical office building next to Hwy 257. 100% long-term NNN leased to a medical and dental tenants. NOI $104K/yr. $1.433M. 7.3% cap.
- Medical Office Building in Prescott, AZ: 4973 SF 2-tenant class-A medical office building completed in 2005 on .39 parcel near Yavapai Regional Medical Center. 100% NNN leased to Hanger Prosthetics(national tenant) and Prescott Lung Physicians. NOI $78K/yr. $895K. 8.72% cap.
© Transmercial 2011
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