Top 5 Properties 01-28-10

1. Retail Center in Pearland, TX: 10,400 SF recently constructed shopping center on over one acre lot shadow-anchored by Wal-Mart with national credit tenants: Payless, Verizon, Sally Beauty and CATO fashion. Fast growing Houston metro. 92.43% NNN leased. NOI $174K/yr. $1.950M. 8.93% Cap.
2. Shopping Center in San Antonio, TX: 32,567 SF shopping center constructed in 2007 on 3.32 acres of land in growing (74.66%) well-off (AHI $101K/yr) neighborhood ideally located on US Hyw-281. 100% NNN leased by nine tenants. NOI $807K/yr. $8.5M. 9% Cap.
3. Multifamily Building in Spring Valley, CA: 15-units 2-stories apartment complex with spacious one/two bedroom units near I-125. NOI $92K/yr. $1.260M. 7.36% Cap.
4. Strip Center in Wilmington, CA: 6500 SF recently renovated strip center on .43 acre lot at major signalized intersection. 100% NNN leased. NOI $191K/yr. $2.285M. 8.32% Cap.
5. Apartments in Las Vegas, NV: well-kept 22-units apartments on .43 acre just steps away from the strip. 100% leased. NOI $129K/yr. $1.295M. 10% Cap.
   
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