- Walgreens in Bay Point, CA: 14,070 SF Walgreens built in 2011 on 1.43 ac corner lot in middle-class San Fran metro with easy access to main highway 4. 100% NNN lease till 2036. NOI $558K/yr. Price reduced from $8.9M to $8.659M. 6.45% cap.
- Shopping Plaza in San Jose, CA: 11,217 SF retail center built in 2007 on the busy First Street. In the center of high-tech Silicon Valley with easy access to Hwy 101, I-880, Airport. Area with high barrier to entry. 100% NNN leased to 7 tenants. NOI $553K/yr. $9.12M. 6.07% cap.
- O’Reilly Auto Parts in Daily City, CA: 4200 SF auto parts store on .28 ac lot at busy corner location close to I-280 in a affluent San Francisco suburb (AII $93K/yr within 3-miles). 100% NNN lease with 8-yrs remaining. NOI $89K/yr with 13.8% rent increase in 3-yrs. $1.56M. 5.75% cap.
- Medical Office Building in Canton, OH: 32,160 SF Class-A medical building on 2.64 acres of land close to 800,000 SF Westfield Belden Village Mall and I-77. 100% absolute NNN lease till 2026 to NeuroCare Center, Inc, highly trained neurologist and physical medicine and rehabilitation specialists. NOI $510K/yr with 5.88% rent increase in 2017. $6.182M. 8.25% cap.
- Shopping Center in Woodland Hills, CA: 39,867 SF shopping center on over 3 ac corner lot anchored by Smart & Final Grocery. In prosperous (AHI $127K/yr) Southern CA City and near Fwy-101. 100% NNN leased. NOI $1.42M/yr. $15.95M. 6.5% cap.
- Medical Building in Sacramento, CA: 65,000 SF newly constructed medical building close to Methodist Hospital of Sacramento and Hwy-99. 85% NNN leased to long term tenants. NOI $1.24M/yr. $15.5M. 8% pro forma cap.
- Retail Center in Bridgeview, IL: 12,500 SF well-located retail center at a corner location in fast growing Chicago suburbs. 100% NNN leased. NOI $196K/yr. $2.8M. 7% cap.
© Transmercial 2012
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