09-19: Stonebridge Pediatrics, Inline Center, Apartments, Retail Centers

1. Stonebridge Pediatrics in McKinney, TX: 9973 SF State-of-the-Art medical building completed in 2011 on 1+ ac lot in fast growing and affluent Dallas suburbs with an AHI of $142K/yr in 1 mile. Close to Baylor Medical Center at McKinney. 10 yrs NNN- lease with 8 yrs left. NOI $239K/yr with annual CPI rent bumps. $3.192M. 7.49% cap.
2. 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 (AHI $94K/yr in 3 mile radius) Sacramento suburbs. Along Hwy-50.  NNN leased. Pro forma NOI $238K/yr. $2.925M. 8.15% pro forma cap. Buyer to assume $2.2M loan at 6.12% interest rate. 
3. Strip Center in Pasco, WA: 9600 SF strip center built in 2011 on .95 ac lot in growing (515.21% pop growth since 2000) area. 75% leased with good tenant mix. Pro forma NOI $186K/yr. $2.2M. 8.5% pro forma cap. 
4. Inline Retail Center in Roseville, CA: 14,264 SF well maintained retail center on 1.32 ac lot in growing and high income Sacramento suburbs. 100% leased to Weight Watchers, Soniyas Uniform Store, Susumu’s Japanese Restaurant, Discount Market and Royal Stage Christian Performing Arts. NOI $162K/yr. $1.85M. 8.8% cap.
5. Apartments in Mesa, AZ: 29-unit well kept apartment complex on over 1 ac lot in upper middle-class Phoenix suburbs. 95% occupied. NOI $133K/yr. $1.48M. 9% cap. 
6. Retail Center in Flint, MI: 112,000 SF attractive retail center on 1.60 ac lot at a major retail corridor. Close to 1,272,397 SF Genesee Valley Center and I-69. All units face main road. 85% leased. Current NOI $128K/yr. $1.43M. 9% cap. Upside potential.
7. Shopping Center in Lakewood, WA: 56,335 SF shopping center built in 2005 anchored by highly rated-on-Yelp Paldo Asian Market in Tacoma suburbs. Close to I-5. 94% NNN leased. NOI $890K/yr. $11.5M. 7.74% cap.
8. Shopping Center in Port Orchard, WA: 39,236 SF well maintained shopping center on over 4 ac lot at a hard corner location in growing town just West of Seattle. 75% leased. NOI $262K/yr. $3.2M. 8.20% cap.

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