02-14: R&D, shopping centers

1. R&D Office building in Cupertino, CA: 91,195 SF R&D office building on 5.8 ac lot adjacent to the proposed 3.42 Million SF Apple Corporate Campus in a city with 0%  vacancy for R&D office spaces.  100% NNN leased to Apple, Inc. (market cap of $415 Billion) till 2021.  NOI $1.07M with 3% annual rent bumps.  Low rent of less than $1/SF/month.  Unpriced. 
2. Shopping Center in Elk Grove, CA: 33,979 SF 15-unit shopping center built in 1999 anchored by Big 5 Sporting Goods, Taco Bell and O’Reilly Auto Parts. In well-off (AHI $83K/yr) Sacramento suburbs. 93% leased. Current NOI $547K/yr. $7M. 7.82% cap. 
3. Retail Center in Madison, WI: 10,730 SF retail center built in 2001 on 1.44 ac lot across from 918,912 SF West Towne Mall & near Hwy-14/12. 100% leased to national/regional tenants: Starbucks, Scottrade, 2^nd Wind Sports and Stanton Optical. Excellent demographics: growing and high income area.  NOI $208K/yr. $2.475M. 8.42% cap. 
4. Retail Center in Rohnert Park, CA: 18,720 SF well-maintained 12-unit retail center on over 3 acres lot  across from Sonoma State University. In growing & high income town North of San Francisco. 90% leased. Tenants include Starbucks, Quiznos and other regional tenants.  NOI $374K/yr. $4.75M. 7.89% Proforma Cap. 
5. Shopping Center in Westminster, CO: 95,791 SF recently remodeled shopping center on 11.85 acres of land anchored by Safeway Supermarket in well-off (AHI $91K/yr) Denver metro. 88% NNN leased. NOI $870K/yr. $12M. 7.25% cap. 
6. Retail Buildings in Mesa, AZ: 10,270 SF inline retail buildings on over 2 acres lot shadow-anchored by Albertsons Grocery Store at a signalized location close to Fwy-60/202. 100% leased to 6 tenants including Chase Bank, Starbucks, and State Farm. NOI $238K/yr. $2.8M. 8.5% cap. 
7. Shopping Center in North Richland Hills, TX: 29,400 SF shopping center on 2.36 ac lot next to I-820 in Dallas/Ft. Worth metro. 84% leased. NOI $280K/yr. $3.5M. 8% cap.

© Transmercial 2012.