1. Mini-Storage Facility in Victorville, CA: 59,630 SF 547-unit mini storage facility built in 1984 on 2.7 acres lot with 1 BR 1 BA onsite residence. 55% economically occupied. Current NOI $195K/yr. $2.175M. 9% cap. Upside potential with lower vacancy.
2. Shopping Center in Royalton, OH: 18,900 SF shopping center next to Discount Drug Mart in affluent Cleveland suburbs (AHI $104K/yr within 1 mile). 93% occupied with 1 small vacant unit. Current NOI $170K/yr. $1.7M. 10% cap.
3. Davita Dialysis Center in Grand Rapids, MI: 8518 SF dialysis center on 1 acre lot with easy access to I-96, I-196 and Hwy 131. New 10 yrs NNN corp lease to Davita (NYSE : DVA, BB- credit rating). NOI $146K/yr. $1.89M. 7.75% cap.
4. Davita Dialysis Center in Temple Terrace, FL: 7056 SF dialysis center on 1 ac lot in Tampa metro. Davita just spent $700K renovated the property. 17 yrs NNN lease. NOI $125K/yr. $1.67M. 7.5% cap.
5. Apartments in Portland, OR: 36-unit townhouse multi-family built in 2001 in a stable city. NOI $169K/yr. $2.625M. 6.45% cap.
6. Strip Center in Anaheim, CA: 8100 SF retail center on .92 ac outparcel to a Target. Just about 1000 yard from I-5. High income area with over 650K residents within 5 miles ring. Completely remodeled in 2009. 100% NNN leased. NOI $160K/yr. with CPI increases. $2.295M. 7% cap.
7. Retail Center in Redwood City, CA: 6150 SF retail center remodeled in 2001 on 1/3 ac corner lot in wealthy Silicon Valley (AHI $147K/yr). 100% leased to 7 tenants. NOI $174K/yr. $2.6M. 6.71% cap.
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