Thursday, September 5, 2013

08-22: Office Buildings, Apartments, Professional & Medical Park



  1. Medical Office Building in Schaumburg, IL: 18,100 SF 3-story Class-B office building on .64 ac lot at a signalized corner location in high income (AHI $102K/yr in 1 mile) Chicago metro. Close to I-290. 100% leased to mostly medical tenants. NOI $207K/yr. $2.45M. 8.50% cap.
  2. Apartments in Fairfield, CA: 92-unit gated multifamily complex in Northern California. Close to schools, parks, shopping centers and public transportation. NOI $494K/yr. $6.599M. 7.50% cap.
  3. Medical Office Building in Sacramento, CA: 8164 SF well maintained office building on .71 ac lot at a hard corner location. Across from Kaiser Permanente-S Sacramento and close to Hwy-99. 74% leased to Dignity Health Corp, a healthcare provider with hospitals and ancillary care facilities in 17 states. NOI $84K/yr. $1.6M. 5.25% cap. Upside potential.
  4. Professional & Medical Park in Turlock, CA: 38,997 SF Class-B business park consisting of nine buildings on 4.80 ac lot along major retail corridor in growing town. 93% leased. NOI $360K/yr. $5.25M. 6.87% cap.
  5. Shopping Center in Ormond Beach, FL: 76,370 SF shopping center at a hard corner location just North of Daytona Beach. Strong anchor tenants include Big Lots, Tuesday Morning and Aaron's. NOI $522K/yr. $6.5M. 8.04% cap.
  6. Shopping Center in Daytona Beach, FL: 24,500 SF shopping center at major corridor. ¼ mile from Daytona International Speedway. Close to Daytona Beach International Airport and I-95. NOI $462K/yr. $5.75M. 8.04% cap.
  7. Retail Center in Fayetteville, GA: 24,600 SF attractive retail center built in 2005 on 3 ac lot in high income Atlanta suburbs with an AHI of $89K/yr in 5 mile radius. All units face Hwy-92. 100% leased to credit, regional and local tenants. NOI $390K/yr. $4.725M. 8.27% cap. 

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