Top 10 Properties Among 368 on 06/18/09

1. Shopping Center in Tucson, AZ: 79,121 SF inline shopping center built in 1966 on 5.68 acres of land with outstanding visibility. Located at signalized intersection close to I-10. 93% leased. NOI $538K/yr. $5.695M. 9.46% Cap.
2. National Tire & Battery in Lilburn, GA: 11,082 auto service center constructed in 1988 on one acre lot ½ mile from new Super Mal-Mart in growing Atlanta suburb. 16-years remaining on absolute NNN corp lease. NOI $163K/yr. $2M. 8.2% Cap. Recession insensitive tenant.
3. Office Building in Sacramento, CA: 19,065 SF well maintained office building on 1.37 acres of parcel in filled/middle-class (AHI $78K/yr.) location with only one small unit vacant. NOI $226K/yr. $2.835M. 8% Cap.
4. Office Building in Centennial, CO: 63,380 SF Class-B attractive office building constructed in 1983 on 4.59 acres of land in prosperous (AHI $137K/yr. within one mile radius) Denver suburb. 83% leased. NOI $364K/yr. $4.6M. 7.92% Cap. Potential upside when 100% leased.
5. Strip Center in San Bernardino, CA: 8608 SF well located strip center built in 1980 on .54 acre lot at hard corner lotion with good tenant mix: Metro PCS, Clothing Store, Hair Salon, Massage Salon, Pizza, Liquor Store & Nails Salon. 100% NNN leased. NOI $122K/yr. $1.750M. 7% Cap.
6. 8-Units Apartments in Long Beach, CA: 3-stories recently renovated apartment building constructed in 1989 near Hwy-1. 100% Occupied by 3 tenants. NOI $110K/yr. $1.5M. 7.4% Cap. Buyer to assume $1.2M at 6.2% interest rate.
7. Shopping Center in Bakersfield, CA: 25,559 SF Hacienda-look shopping center built in 1989 on 2.42 acres of land. Great visibility. NNN leases. NOI $432K/yr. $5.995M. 7.21% Cap.
8. Medical Office Building in San Jose, CA: 2240 SF medical office building in the neighborhood of O’Connor Hospital. Price reduced to $785K. Great for owner/user.
9. Apartment in Long Beach, CA: 2-stories 18-units appealing apartment building constructed in 1987 just minutes from the beach. 100% Occupancy. $2.350M. 10.24% Cap. Low gross rent multiplier of 9.7.
10. Walgreen’s Pharmacy in Warr Acres, OK: 13,905 SF drug store on 1.28 acres of land across West Park Mall at a signalized intersection in a densely-populated Oklahoma suburb. 100% NNN leased. NOI $185K/yr. $2.040M. Unusually high 9.1% Cap.
    •Exterior of building painted May 2008
    •Strong financially & recession-insensitive tenant with A+ S&P rating.
    •New roof installed April 2008
    
    © Copyright 2009 Transmercial. All rights reserved.