For Sale / Sold
NNN Properties
STARBUCK'S NNN RETAIL CENTER
• Closed March 6, 2020
• Purchase Price: $2,990,000
• Financing: Cash to seller
• $565 per square foot
• 5.50% cap rate
• Mark Hinkins represented Buyer in multi property 1031X
• +5,287 Square Feet with 3 tenants on NNN leases
• Tenants - Starbucks, nail salon and cleaners
• Separately metered units
• Starbucks on a new 10 year lease, with renovation planned
• Strong demographics with 18,974 population and Average
FOR MORE INFORMATION CLICK HERE
+24,416 SF SINGLE TENANT NET LEASE ACQUISITION
• Closed: April 20, 2020
• Purchase Price: $6,750,000
• Financing: 52% LTV with life company
• $266 per square foot
• 7.0% cap rate
• Mark Hinkins represented Buyer in multi property 1031X
• Creative Office Space in Edgewood/Kirkwood
• 24,416 Square Feet on 2.05 acres
• Tenant-Big Nerd Ranch-on Modified Gross lease
• 120 Parking Spaces, 4.7:1,000 SF
• Strong demographics with 15,510 population and an average HH income of $123K in a 1-mile radius
• Popular location near Pullman Yard, Arizona Ave Soccer Complex, and Ration + Dram Bar
• Adjacent property under redevelopment as Townhomes
FOR MORE INFORMATION CLICK HERE
CORE BAY AREA NNN INDUSTRIAL CENTER
Street Address: 2483-2495 Washington Ave, San Leandro, CA
Price: $6,000,000 (Sold)
PROPERTY OVERVIEW
+ 100% leased to 6 tenants
+ Industrial Gross leases
+ Strong cash flow from tenants with long history
+ Stable cash-flow
+ Traditionally very low vacancy
BUILDING OVERVIEW
+ Building Size: +/-43,897 SF industrial building
+ Parcel: +/-1.89 acre lot (82,328 sf)
+ Built: 1948 (Roof 2005 foam roof covering +$150k)
+ Building Fully Sprinklered
+ 7 Individual Units
+ Zoning: Industrial Park (assembly use)
+ APN: 74-84-15-2
+ Great Street Visibility
+ Great Access to I-880 (1.3 miles) via Marina Blvd
MAJOR REMODEL 2005
+$1.45M remodel in 2005 including facade' and roof
CONDOMINIUM CONVERSION
+Construction compatible to Condominium Conversion
FOR BROCHURE CLICK HERE
SKY HIGH SPORTS INDOOR TRAMPOLINE PARK, STNL
Street Address: 1631 Challenge Drive, Concord, CA
Price: $6,500,000 (Sold)
• Single Tenant NNN investment sale
• Closed - March 5th, 2019
• Building Size: 24,000 SF on 1.46 acres
• $6,500,000 (all-cash, no loan)
• Current NOI $540,0000
• Cap Rate: 8.30%
• 15 year NNN lease thru April 2032 (13 yrs remaining)
• 5% rent increases 5/22 & 5/27
• Seller - Privately held investment fund
• Buyer - Sought secure long term cash flow
FOR BROCHURE CLICK HERE
NNN SUNBELT RENTALS WAREHOUSE & SERVICE CENTER
Street Address: 1801 Walters Court, Fairfield, CA
Price: $3,632,967 (Sold)
• Single Tenant NNN investment sale
• Closed - April 9th, 2019
• Building Size: 14,030 SF on 3.07 acres
• $3,632,967 (all-cash, no loan)
• Current NOI $205,992
• 3% annual increases
• Cap Rate: 5.67%
• New 10 year NNN lease thru Oct 2027 (2 x 5 yr options)
• Seller - Privately held investment fund
• Buyer - Sought stable long term cash flow.
• Noteworthy - part of a 2 building reverse 1031X.
FOR BROCHURE CLICK HERE