12-02: Office Buildings, Sherwin Williams, Apartments, Shopping Centers

1. Office Building in Walnut Creek, CA: 15,908 SF Class-B office building on .31 ac lot in high income Contra Costa County with an AHI of $94K/yr. Across from John Muir Urgent and Outpatient Center.  With easy access to I-680. 75% leased to multiple tenants. NOI $228K/yr. $3.695M. 6.20% cap.
2. Sherwin Williams in Lansing, MI: 4000 SF well maintained retail building on .48 ac corner lot along main artery. Close to Lansing Mall. Tenant has been at this location since 1987. NOI $55K/yr. $769K. 7.25% cap.
3. Strip Center in Woodland, CA: 8610 SF strip center renovated in 2002 on .70 ac lot in growing middle class city West of Sacramento. Shadow anchored by CVS and Marshalls.  Across from Walgreens.   89% NNN lease with only one vacancy. $90K/yr. $1.25M. 7.25% cap.
4. Shopping Center in Memphis, TN: 73,754 SF well maintained shopping center on over 8 ac lot. Close to Hwy-385. 98% NNN leased to national, regional and local tenants. NOI $966K/yr. $13.811M. 7% cap.
5. Office Building in Madison, TN: 39,483 SF Class-A office building completed in 2008 with excellent visibility. Tenants are on long term NNN leases. NOI $496K/yr. $6.2M. 8% cap.
6. Apartments in San Bernardino, CA: 15-units gated multifamily complex close to schools, hospital, parks and shopping centers.  NOI $53K/yr. $900K. 5.94% cap.

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