Top 10 Properties of 11-06-09

Advisory: Transmercial has noticed a surge in commercial real estate activities in the last 3 months. Many properties on the top 10 lists that Transmercial email to you are in contract the very next day. Some have 10-20 offers. This is expected. The economy is now in recovery stage. Investors who have been sitting on the sideline now feel more confident and decide to take actions.

1. Freestanding Building in Chino, CA: 4732 SF recently renovated building on .52 acre lot at high traffic corner location. Long NNN leased by experienced school operator. NOI $75K/yr. $1M. 7.6% Cap.
2. Strip Center in Lakewood, CO: 17,747 SF attractive strip center built in 2006 on 1.33 acres of parcel shadow anchored by Wal-Mart across from Home Depot. NNN leased by 9 strong credit tenants: Radio Shack, Game Stop, Payless Shoes, GNC, Super Cuts and AT&T. NOI $437K/yr. $5.470M. 8% Cap.
3. Retail Center in Pasadena, TX: 6000 SF nice-looking strip center in middle-class (AHI $60K/yr) Houston suburbs. 75% NNN leased by long-term tenants. Actual NOI $70K/yr. Price reduced to $790K. 9% Cap. Great for 1st time investors.
4. Fresh and Easy Market in Las Vegas, NV: 17,413 SF retail building on 2.27 acres of land ideally located at corner location along strong retail thoroughfare. 100% NNN leased. NOI $328K/yr. $4.240M. 7.75% Cap.
5. Shopping Center in Roy, UT: 30,860 SF shopping center constructed in 2000 on 2.85 acres of land in fast growing area in Salt Lake City. 100% NNN leased by Weber State, Ace Hardware and Domino’s Pizza. NOI $356K/yr. $4.250M. 8.39% Cap.
6. Strip Center in Houston, TX: 21,012 SF recently renovated strip center shadow anchored by Conn’s Appliance with tremendous exposure along I-45. 100% NNN leased. NOI $333K/yr. $3.225M. 10.34% Cap.
7. Strip Center in Hampton, GA: 17,710 SF shopping strip built in 2003 surrounded by numerous national/regional tenants in fast growing Atlanta suburbs. NOI $182K/yr. $2.2M. 8.29% Cap.
8. Apartments in Stockton, CA: 43-units well-maintained multi-family apartment complex on 1.28 acres of land near Weberstown Regional Mall. 100% occupied. NOI $198K/yr. $2.3M. 8.63% Cap.
9. Strip Center in Greeley, CO: 9292 SF recently constructed strip center on over one acre lot next to grocery anchored shopping center. Leased by Cricket, Starbucks, Max Muscle Sports Nutrition, Café Mexicali and Jimmy John’s. Surrounded by Safeway, Lowe’s, Target, Kohl’s, Ross, Sports Authority and Best Buy. NOI $256K/yr. $3M. 8.54% Actual Cap.
10. Community Shopping Center in Daytona Beach, FL: 158,667 SF neighborhood shopping center across from CVS anchored shopping center. 91% NNN leased. NOI $812K/yr. $8.9M. 9.12% Cap.
    
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