03-20: Retail Centers, Caribou Coffee, Office Buildings

1. Retail Center in Union City, CA: 17,372 SF well maintained retail center at highly visible location in high income Alameda County with an AHI of $103K/yr in 1 mile. 100% NNN leased to ten long term tenants. NOI $215K/yr. $3.321M. 6.50% cap.  
2. Retail Building in Chula Vista, CA: 4038 SF attractive retail building outparcel to Petsmart. In growing and high income (AHI $98K/yr) San Diego County. Close to Home Depot, Kmart, Costco and Regal Cinemas. 100% leased to Medifast and Kwon’s Blackbelt Academy. NOI $100K/yr. $1.494M. 6.70% cap.  
3. Strip Center in Coral Springs, FL: 7500 SF strip center along major retail artery in wealthy Fort Lauderdale metro with AHI of $95K/yr. 100% leased with good tenant mix. NOI $67K/yr. $869K. 7.75% cap.
4. Shopping Center in Portland, OR: 87,347 SF well kept shopping center on over 2 ac lot in growing upper middle-class area. All units face main retail artery. 100% NNN leased. NOI $349K/yr. $4.995M. 7% cap.  
5. Caribou Coffee in Saint Paul, MN: 1,544 SF Caribou Coffee in a high income area with an AHI of $101K/yr. Across from College of St. Catherine’s. 15 yrs absolute NNN lease with 5 yrs left. NOI $64K/yr. $986K. 6.5% cap. 
6. Apartments in Redlands, CA: 21-units attractive multifamily complex in fast growing San Bernardino County. 95% occupied. Pro forma NOI $129K/yr. $1.995M. 6.48% cap.  
7. Office Building Fresno, CA: 6,415 SF Class-A consisting of two buildings constructed in 2008 along major retail artery. 100% NNN leased to nine tenants. NOI $59K/yr. $995K. 6% cap.
8. Shopping Center in Sacramento, CA: 30,023 SF well maintained shopping center on 2.59 ac lot at main corridor. Good tenant mix: doctor, dentist, pharmacy, restaurant, retail, professional offices. 71% leased. NOI $230K/yr. $3.1M. 7.4% actual cap. Upside potential.
9. Strip Center in Spokane, WA: 5949 SF attractive strip center built in 2006 in growing area. Tenant include: Nickel Nik, Computer Business Solutions, Loan & Mai Nails and Smokin Legal Anywhere. NOI $73K/yr. $1.15M. 6.42% cap.

(c) Transmercial 2014