Top 10 Properties 04-20-10

NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.

AHI: Avg. Household Income

1. Retail Center in Chicago, IL: 8261 SF nice-looking retail center constructed in 1997 with two entrance points and big monument sign at signalized corner location. 100% NNN leased. NOI $122K/yr. $1.440M. 8.47% Cap.
2. Apartments in Rancho Cordova, CA: 74-units well-maintained multifamily buildings in Sacramento metro close to parks with good unit mix. 80% leased. NOI $214K/yr. $2.960M. 7.23% Cap.
3. Office Building in Arden Hills, MN: 73,442 SF high quality constructed Class-A office building in Minneapolis metro with numerous recent improvements. Highly visible from I-694. 93% leased. NOI $960K/yr. $10M. 9.60% cap.
4. Multifamily Building in Long Beach, CA: 18-unit beautiful well-maintained apartment complex with video surveillance system & close to shopping centers, parks and Long Beach Memorial Medical Center. 100% leased. NOI $189K/yr. $2.549M. 7.44% Cap.
5. Super 8 Motel in Goodyear, AZ: 90-rooms two-story motel on 3.46 acres of land just off Fwy-10 in fast growing Phoenix metro.   $4M. 9.75% Cap.
6. Office Depot in Tallahassee, FL: 30,450 SF Office Deport retail building constructed in 1999 on 5.38 acres of parcel across from Home Depot, Petsmart and Bealls Shopping Center.  High income area.  100% absolute NNN lease. NOI $380K/yr. $4.250M. 8.96% Cap.
7. Apartments in McAllen, TX: 48-units apartment complex conveniently located across from McAuliffe Elementary School. 97% leased. NOI $184K/yr. $2.050M. 9% Cap.
8. Office Building in Layton, UT: 5000 SF newly remodeled office building constructed in 1992 close to Davis Hospital and Medical Center in Northern Salt Lake City metro. 100% leased by two tenants. NOI $66K/yr. $826K. 8% Cap.
9. Strip Center in Bountiful, UT: 7219 SF strip center in fast growing Salt Lake City suburbs near I-15. NOI $86K/yr. $986K. 8.75% Cap.
10. Bally’s Total Fitness in Huntington Park, CA: 32,000 SF fitness center built in 2005 on 1.31 acres of land with 88,000 SF ground and 2^nd level parking spaces.  High traffic location. 100% NNN leased by national tenant. NOI $626K/yr. $8.350M. 7.5% Cap.

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