- Apartments in Sacramento, CA: 35-units fully renovated two-bedroom apartments close to American River College and I-80. Amenities include: playground and swimming pool. 91% occupancy. Proforma NOI $190K/yr. $2.625M. 7.25% cap.
- Shopping Center in Irving, TX: 30,512 SF well maintained shopping center on nearly 2 ac lot in growing Dallas/Fort Worth suburbs. Shadow anchored by Lowe’s and across from 123-stores Irving Mall. Off/on ramp Hwy-183. 100% leased to national & local tenants. 8.56% cap. Price/NOI not provided.
- Chili’s Restaurant in Tallahassee, FL: 5714 SF casual dining restaurant built in 2004 on 1.91 ac lot at a major corridor in growing (18.05% pop growth since 2000) and affluent (AHI $105K/yr in 1 mile) area. 10 yrs absolute ground lease (land for sale, building reverted o landowner if tenant does not renew lease) with 6½ yrs left. NOI $99K/yr with a 10% bump in 2019. $1.585M. 6.25% cap.
- MOB in Tucson, AZ: 3522 SF Class A medical office building part of La Cholla Corporate Center, a 200,000 SF medial complexes in growing middle-class area. Across from Foothills Mall. 100% NNN leased with 2 yrs left. NOI $80K/yr. $916K. 8.87% cap.
- Apartments in Birmingham, AL: 254-units well maintained multifamily complex lot in fast growing and high income area. Close to major shopping center, Hwy-31 & I-65. 96% occupancy. NOI $1.101M/yr. $15.5M. 7.11% cap.
© Transmercial 2013
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