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

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