04-02: Inline Center, Medical Condo, Office Building, Neighborhood Centers

1. Neighborhood Center in Stockton, CA: 65,179 SF consisting of three buildings constructed in 2001 on 5.72 ac lo at a high visible location. Anchored by a 55,228 SF Safeway, a national tenant with 1600 stores across the US and Canada. Close to I-5. 91% NNN leased. NOI $995K/yr. $15.6M. 6.38% cap.
2. Apartments in Houston, TX: 228-units well maintained gated multifamily complex renovated in 2006 on 7.88 acres of land in fast growing area. Amenities: swimming pool, a playground. Close to shopping centers and I-45. 99% occupied. NOI $612K/yr. $6.49M. 9.43% cap.
3. Retail Center in Phoenix, AZ: 39,505 SF consisting of four retail buildings on 4+ ac lot along main corridor. Credit tenants include: Frazee Paints, Subway and Nationwide Insurance. 83% leased to 17 tenants. NOI $341K/yr. $4.2M. 8.12% cap.
4. Inline Center in Orlando, FL: 10,065 SF attractive retail center on 1.50 ac lot at a signalized intersection. Shadow anchored by Walmart Neighborhood Market. Across from 225-bed Florida Hospital East Orlando and Publix anchored center. 100% occupied with strong  tenants: T-Mobile, Dentist Office, Nail Salon, Hair Salon, Italian Village Pizza and Chinese Take-out. NOI $318K/yr. $3.975M. 8% cap.
5. Crunch Fitness in Riverdale, CA: 19,437 SF fitness center on 1.82 ac lot along major retail corridor in Southern California. Across from 1,000,000 SF The Galleria at Tyler Mall. Brand new 10 yrs NNN lease to Crunch Fitness, with 55 locations. NOI $284K/yr with 10% rent increases every 5 yrs. $3.796M. 7.50% cap.
6. Medical Office Condo in Southlake, TX: 3357 SF Class-A medical office condo built in 2007 in fast growing and high income (AHI $213K/yr in 1 mile) Fort Worth/Dallas suburbs. Near Southlake Town Square and Hwy-114. 100% NNN leased with 3 yrs left. NOI $90K/yr. $950K. 9.50% cap.
7. Shopping Center in Eureka, CA: 42,595 SF well maintained shopping center on 3.60 ac lot between Bayshore Mall and Hwy-101. 98% leased. NOI $562K/yr. $7M. 8.38% cap.
8. Neighborhood Center in Suisun City, CA: 85,441 SF attractive shopping center on 8+ ac lot in a city North of Oakland.  Anchored by Rite Aid drug store. Across from Raley’s grocery center. Next to Hwy-12. 92% leased. NOI $1.147M/yr. $13M. 8.83% cap.
9. Office Buildings in San Diego, CA: 30,995 SF office buildings on 1.37 ac in wealthy San Diego suburbs (AHI $131K/yr in 1 mile). Significantly upgraded in 2009.  Close to I-805. 100% leased. NOI $365K/yr. $4.8M. 7.6% cap.

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