05-27: Shopping centers, Office building

1. Shopping Center in Katy, TX: 21,230 SF shopping center built in 2003 in growing and high income Houston metro with an AHI of $173K/yr in 1 mile. Close to Hwy-99. 85% leased. NOI $360K/yr. $4.5M. 8% cap.
2. Strip Center in Jonesboro, GA: 10,000 SF strip center on nearly 4 ac lot in Atlanta suburbs. Next to I-75. 100% leased to local tenants. NOI $76% cap. $850K. 9% cap.
3. Retail Plaza in Van Nuys, CA: 39,712 SF two-stories retail plaza on nearly 2 ac lot in area with over 700K residents within 5 miles. Close to Valley Presbyterian Hospital. 88% leased. NOI $755K/yr. $12M. 6.30% cap.
4. Office Building Santa Rosa, CA: 39,991 SF Class-A multi-tenant office building at signalized corner location in upper middle-class North of San Francisco. Tenants include: County of Sonoma, Sonoma County Transportation Authority, LTK Engineering Services, Manpower, Subway and others. 93% NNN leased. NOI $647K/yr. $9.5M. 6.81% cap.
5. Retail Center in Apex, NC: 7331 SF attractive retail center on 1.30 ac lot in fast growing and high income Raleigh suburbs. Across from Wakemed Apex Healthplex. 100% NNN leased to Verizon Wireless and Yong-In Martial Arts. NOI $210K/yr. $2.342M. 9% cap.
6. Neighborhood Center in San Antonio, TX: 163,410 SF well maintained shopping center on over 15 ac lot anchored by 32,603 SF Big Lots and 48,945 SF Gold’s GYM. On an off/on ramp of I-37. 94% leased. NOI $1.338M/yr. Price/Cap N/A.

           

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