06-06: Home Depot, ABRA Auto body, Apartments, MOB

1. Retail Center in San Rafael, CA: 4091 SF well maintained retail center at a main corridor in affluent (AHI $116K/yr in mile) town just North of San Francisco.  84% leased to 6 long term tenants with only one vacancy. $1.35M. NOI/Cap not provided.
2. Shopping Center in Kenosha, WI: 24,065 SF shopping center consisting of two retail buildings completed in 2004 on 3.64 ac lot in growing (82.15%) and high income (AHI $90K/yr in 3 mile) in Milwaukee/Chicago suburbs. Across from Woodman’s Market, near Gander Mountain, Best Buy, Steinhafels and I-94. 100% NNN leased to national & credit tenants. NOI $582K/yr. $7.522M. 7.75% cap.
3. Home Depot in Orange Park, FL: 108,578 SF Home Depot on over 11 ac lot in Jacksonville suburbs. Next to Target, across from Orange Park Mall and near I-295M. 100% leased. NOI $1.187M/yr. $14.48M. 8.20% cap.
4. Retail Center in Vista, CA: 16,932 SF consisting of two high quality constructed retail centers completed in 2001 on 1.81 ac lot at a main retail corridor in San Diego suburbs. NOI $249K/yr. $4.225M. 5.91% cap.
5. ABRA Auto Body in Kenosha, WI: 22,066 SF auto repair center built in 1999 on 1.77 ac lot in upper middle-class area. 100% NNN- corp lease with 7 yrs left. NOI $180K/yr with a 5% rent bump in 2015. $2.261M. 8% cap.
6. Retail Center in Gastonia, NC: 9973 SF eye-catching retail center built in 2004 on 1+ ac lot in Charlotte suburbs. Close to 919,557 SF Westfield Eastridge and I-85. 100% NNN leased to Talbots, Facet Foundry Jewelry and Aeroflow Healthcare. NOI $154K/yr. $1.987M. 7.80% cap.
7. Apartments in Santa Cruz, CA: 16-unit well maintained apartment complex close to Downtown and Santa Cruz Beach Boardwalk. 100% occupied. NOI $125K/yr. $1.88M. 6.70% cap.
8. Retail Center in Cameron Park, CA: 10,437 SF retail center built in 2005 on 1.54 ac outparcel to Food 4 Less in fast growing and high income Sacramento suburbs. Along Hwy-50.  86% NNN leased to 4 tenants. Pro forma NOI $235K/yr. $2.925M. 8.04% pro forma cap. Buyer to assume $2.226M loan at 6.12% interest rate.
9. Shopping Center in Miami, FL: 29,594 SF well kept shopping center on 2.68 ac corner lot in high income area. 92% leased. NOI $398K/yr. $5.35M. 7.44% cap.
10. MOB in Herriman, UT: 5030 SF Class-B medical office building completed in 2004 part of four building medical office plaza in fast growing and high income (AHI $80K/yr) Salt Lake City suburbs. 100% leased to 3 medical tenants. NOI $99K/yr. $1.1M. 9.09% cap.

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