I often receive questions about what type of commercial investment deals around the US. I thought a weekly update on this blog could offer a snap shot of some of the available properties in areas you may not otherwise consider. These snapshots offer limited information, but they are actual listings and can be found in further detail at www.svn.com (from 9/8/08)
$1,000,000- Lamuni, IA. Retail Bldg, NNN, 7.2% CAP, 18,910sf, $52/sf, 8yrs remain on term.
$1,250,000 - Strasburg, VA - Industrial Storage area w/ 2bd caretakers home. 3.25ac, $8.83/sf
$1,459,000 - Phoenix, AZ - Apartment Building, 32 units, 6.6%CAP, 90%Occ, $46,719/un
$2,250,000 - Villa Rica, GA - Convenient Store and Gas, 10.33%proCAP, 7020sf, .91ac.
$2,950,000 - Central Falls, RI - Industrial Bldg, 105,000sf, 9.84%CAP, 12.85%Cash on Cash, 5yr bumps.
$3,300,000 - Dallas, TX - Retail Center, 23,000sf, NNN, 7.18%CAP.
$4,150,000 - San Francisco, CA - Mixed Use - Prof over retail, 5.74%CAP, 14,612sf, 100%Occ
$11,500,000 - Palm Springs, FL - Self Storage, 519 units, 6.5% CAP.
There you have it, a snap shot of what is available around the US. At Sperry Van Ness, we have a Monday morning marketing meeting each week where we present new listings on an Internet teleconference to our over 900 brokers. I will update this blog each week with a sample of those new listings.
Comments(0)