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March 2020

02-25: MOB, Retail Centers, Medical Plazas, Retail Center

  1.   Retail Center in Alpharetta, GA: 15,032 SF attractive retail center built in 2003 on 1.70 ac lot in fast growing and high income Atlanta MSA. Across from Costco and close to Walmart Supercenter. 100% leased to medical and retail tenants. NOI $239K/yr. $3.3M. 7.25% cap. 2.   Medical Plaza in Orange Park, FL: 36,387 SF consisting of three attractive buildings on 7.30 ac lot in high income Jacksonville suburbs …Read More

01-28: Burlington, Kobee Steakhouse, Medical Condo, Shopping Centers

1.   Retail Center in Buffalo, NY: 43,570 SF mature retail center renovated in 1998/2019 on 3.17 ac corner lot. Key tenants: DaVita, Millennium Collaborative Care, Family Dollar and Rent A Center. 93% leased to ten tenants. Mostly NNN leased. Proforma NOI $424K/yr. $2.65M. 16% cap. 2.   Kobee Steakhouse in Longview, TX: 10,740 SF highly rated Japanese restaurant on over 2 ac lot. Tenant has been in business for 13 years. …Read More