07-08: Apartments, Office Buildings, Shopping Centers

1. Apartments in Phoenix, AZ: 18-units well maintained multifamily complex adjacent to 216-bed acute care Phoenix Baptist Hospital, near Christown Spectrum Mall and I-17. Pro forma NOI $91K/yr. $1.215M. 7.56% pro forma cap.
2. Apartments in Phoenix, AZ: 12-untis recently improved apartments next to Phoenix Baptist Hospital. Close to Valley Metro Light Rail main station and Christown Spectrum Mall. Pro forma NOI $64K/yr. $815K. 7.89% cap.
3. Office Building in Vallejo, CA: 9050 SF consisting of two well maintained office buildings at a corner location Northeast of San Francisco. 86% leased.  NOI $75K/yr. $1.05M. 7.10% cap.
4. Office Buildings in Palm Bay, FL: 72,012 SF Class-B consisting of three office buildings on nearly 7 ac lot. 89% NNN leased. Actual NOI $523K/yr. $6.448M. 8.12% cap. Upside potential.
5. Retail Building is Lewisville, TX: 32,796 SF attractive shopping center built in 1994 on 3.58 ac lot in growing upper middle-class area. Part of a Power Center with Old Navy, Michaels, Office Max, PetSmart, JoAnn Farbric, Marshalls, Hobby Lobby, Sport Authority and more. Close to Vista Ridge Mall and I-35E. 100% NNN leased to Shoe Carnival, Tuesday Morning and Car Toys. NOI $479K/yr. $6.62M. 7.25% cap.
6. Strip Center in Sacramento, CA: 4896 SF well maintained strip center at a signalized intersection is densely populated area. Close to Hwy-50. 100% NNN leased to 7-Eleven, Smoke Town and Subway. NOI $113K/yr. $2.277M. 5% cap.
7. Shopping Center in Spring, TX: 28,680 SF shopping center on 2.45 ac lot in fast growing Houston suburbs. 100% leased with good tenant mix. NOI $199K/yr. $2.5M. 7.96% cap.
8. Strip Center in Haltom City, TX: 5967 SF attractive strip center built in 2006 on .76 ac lot along Hwy-377 in Fort Worth suburbs. 100% NNN leased to EZ Money, North Texas Gold & Silver, Solid PC, A Affordable and B&B Bakery. 8.30% cap. NOI/Price N/A.

            (c) Transmercial 2014