Thursday, May 18, 2006

TIC Investment Opportunity: Wilson Estates - 8535 & 8621 E 21st St, 67206: 8110 E 32nd St N Wichita, KS 67226

Wilson Estates Property Information:
  • Property Name: Wilson Estates
  • Rentable SqFt: ± 148,404.00
  • Purchase Price: $27,800,000.00
  • Price per SqFt: $187.33/sqft
  • Equity: $14,300,000.00
  • Loan Amount: $13,500,000.00
  • Loan-to-Value: 48.56%
  • Percent Occupied: 95.86%
  • Type: Three, two-story, commercial office buildings
  • Minimum Purchase: $425,000.00

Property Description:
The Wilson Estates Portfolio consists of three, two-story commercial office buildings. Built in 1995 and 1999, the Wilson Estates Portfolio is situated in Wichita, Kansas, the regional economic hub of south-central Kansas and northern Oklahoma. With its strong aerospace history and the second highest concentration of manufacturing jobs and skilled labor in the nation, the MSA is strong and ripe for development.

Top Tenants by Total Rent:
Wilson Estates is 148,404 square feet and is currently 95.86% occupied with 16 tenants. The noteworthy tenants include Corporate Lodging Consultants, Inc., IKON Office Solutions, Inc., Hinkle Elkouri Law Firm, LLC, and Preferred Health Systems, Inc.

Please contact me for a full marketing brochure and further information regarding this investment.

TIC Investment Opportunity: Woodside Center - 1000 Mansell Exchange West Alpharetta, GA 30022

Woodside Center

Property Information:

  • Property Name: Woodside Center
  • Rentable SqFt: ± 115,205.00
  • Purchase Price: $16,710,000.00
  • Price per SqFt: $145.05/sqft
  • Equity: $8,560,000.00
  • Loan Amount: $8,150,000.00
  • Loan-to-Value: 48.77%
  • Percent Occupied: 100.00%
  • Type: Three, multi-story commercial office buildings
  • Minimum Purchase: $250,000.00

Property Description:
Woodside Center is located at the intersection of Mansell Road and Old Alabama Connector, one mile east of the Georgia 400 in Alpharetta, Georgia. During the last 15 years, North Fulton has become the residential location of choice for corporate executives, spurring a major residential boom in the area. These decision-makers are drawn by the high quality of life provided by swim/tennis and golf communities and the wide availability of new high quality homes at reasonable prices in one of the best school systems in the southern United States. As ranked by SAT scores, all six North Fulton high schools are in the top 10 schools in Georgia.

Top Tenants by Total Rent:
Woodside Center is currently 100% occupied with eight tenants. The noteworthy leaseholders include Delta Dental, Sunshine Mortgage, and The Columns Group. These three tenants occupy approximately 68.9% of the net rentable square footage.

Please contact me for a full marketing brochure and further information regarding this investment.

TIC Investment Opportunity: Allison Pointe - Indianapolis, Indiana

Allison Pointe

Property Information:

  • Property Name: Allison Pointe
  • Rentable SqFt: ± 215,753.00
  • Purchase Price: $33,852,000.00
  • Price per SqFt: $156.90/sqft
  • Equity: $17,252,000.00
  • Loan Amount: $16,600,000.00
  • Loan-to-Value: 49.04
  • %Percent Occupied: 82.45%
  • Type: Three, multi-story commercial office buildings
  • Minimum Purchase: $525,000.00

Property Description:
Allison Pointe is a three building, multi-story commercial office complex located in the Indianapolis, Indiana MSA. The Property’s superior location provides unparalleled access to all the major thoroughfares on the city’s northeast side. Anchored on the west by Keystone at the Crossing, and on the east by the Castleton Square Mall, virtually every conceivable amenity is found in the immediate area.

Top Tenants by Total Rent:
Allison Pointe is currently 82.45% occupied with 18 tenants. The noteworthy leaseholders include Centex Homes, Mid-States Federal Credit Union, Liberty Fund, Inc., and ICUL Service Corporation. Combined, these four (4) national credit tenants occupy approximately 54.87% of the net rentable square footage.

Please contact me for a full marketing brochure and further information regarding this investment.

TIC Investment Opportunity: Gaylord North, Frisco, Texas

Gaylord North, Frisco, Texas

Property Information:

  • Property Name: Gaylord North
  • Purchase Price: $3,500,000.00
  • Type: Bare Land
  • Minimum Purchase: $125,000.00

Property Description:
The Property is located on State Highway 121 directly in the midst of current and future growth in the dynamic north Dallas suburb of Frisco, Texas. The Property is centrally located among several of the area’s most affluent and rapidly growing cities including Richardson, Addison, Frisco, Allen, Plano, and McKinney. These communities offer living accommodations for a diverse range of corporate executives, middle managers, high-tech engineers, and technical workers. Surrounding residential amenities include local high-quality retail shopping establishments such as Collin Creek, The Shops at Willow Bend, and Stonebriar Centre super regional malls. The land is currently vacant and considered to be in agricultural use. The zoning for the property is C-1 and Highway Commercial.

Please contact me for a full marketing brochure and further information regarding this investment.

TIC Investment Opportunity: Volvo Parkway - 1401 Tintern Street Chesapeake, VA 23320

Volvo Parkway - 1401 Tintern Street Chesapeake, VA 23320

Property Information:

  • Property Name: Volvo Parkway
  • Rentable SqFt: ± 4,979.00
  • Purchase Price: $2,150,000.00
  • Price per SqFt: $431.81 /sqft
  • Percent Occupied: 100.00%
  • Type: Ground Lease
  • Minimum Purchase: $100,000.00

Property Description:
The Property is 1.418 acres and is located within the Hampton Roads Metropolitan Statistical Area. The site is leased under a longer term lease to Silver Diner Development, Inc, a theme restaurant chain located in the northeast United States. A 4,979 square foot restaurant building has been erected on the site.

Top Tenants by Total Rent:
The tenant had approximately $40MM in net sales during 2004 and a net worth over $10MM. The tenant has been operating restaurants since 1989 and now has 15 locations with approximately 1,000 employees. The Property is located in the heart of Hampton Roads amidst some of the strongest national retailers. The immediate neighbors include Home Depot, Lowe's and Walgreens – all three great demand generators -- and there is good daytime population in two surrounding office parks.

Please contact me for a full marketing brochure and further information regarding this investment.

Wednesday, May 17, 2006

TIC Investment Opportunity: Keystone Commerce - 410 Keystone Drive Warrendale, PA 15086

Keystone Commerce RESERVED OUT! (Accepting backup positions only)

Property Information:
  • Property Name: Keystone Commerce
  • Rentable SqFt: ± 179,394.00
  • Purchase Price: $13,775,000.00
  • Price per SqFt: $76.79/sqft
  • Equity: $6,495,000.00
  • Loan Amount: $7,280,000.00
  • Loan-to-Value: 52.85%
  • Percent Occupied: 100.00%
  • Type: Single-story, industrial building
  • Minimum Purchase: $200,000.00

Property Description:
Keystone Commerce is a multi-tenant facility located in Warrendale, Pennsylvania. Part of the Pittsburgh Metropolitan Statistical Area (MSA), Warrendale is ideally positioned in rapidly growing area in a strong, stable distribution market. The Property is a first-class industrial building located within a 925 acre industrial park setting, which provides tenants access to Interstates 76 and 79 in addition to a number of other highways throughout the area.

Top Tenants by Total Rent:
Keystone Commerce is currently 100% occupied with four tenants. The leaseholders include Cardinal Health, Derse Exhibits, Manuli Hydraulics, and Diamond Baseball.

Please contact me for a full marketing brochure and further information regarding this investment.

Tuesday, May 16, 2006

Only $700,000 Remaining in Texas High Cap Investment Opportunity

Better act fast on this one. There's only a $700,000 total position open in our latest TIC before it's sold out. Don't miss out on this high cap rate opportunity.

This investment property features 11.93% cash on cash return paid monthly with an additional anticipated return of 80% on equity for a 4-year hold period. You'll have to download and sign a confidentiality statement for details, so please visit www.1031multifamily.com for more info.

You'll be glad you did on this one - and best news of all, we've got 3 more very similar situations in the pipeline coming up soon. Would you like to be notified immediately when they become available?

Wednesday, May 10, 2006

TIC Opportunity: Watauga Towne Center, 8420 - 8448 Denton Highway, Watauga, TX 76148

Here's a terrific Credit-Tenant Grocer-Anchored Shopping Center investment opportunity in Ft.Worth. You can expect 7-8% cash on cash return without the huge risks involved in single tenant retail!

Minimum TIC Investment: $250,000

Watauga Towne Center is a grocer-anchored neighborhood shopping center featuring 65,280 square feet of gross leasable area and is located on Denton Highway (US Highway 377), the major north-south traffic artery in Watauga, Texas. Situated at a main retail intersection with significant visibility, the property has access via three bordering thoroughfares in a high-income and rapidly-growing trade area.

Watauga Towne Center is a quality asset built in 1999. It is anchored by a separately-owned Albertsons grocery store that is not a part of the offering. Watauga Towne Center includes two multi tenant retail buildings located on either side of Albertsons and four freestanding buildings situated on pad sites fronting Denton Highway and North Tarrant Parkway. The property is currently 95.71% leased to 29 tenants. Notable tenants include ACE America's Cash Express, Blockbuster, CitiFinancial, Eyemasters, Great Clips, GNC, H&R Block, LAWeight Loss, Panda Express, State Farm, Washington Mutual, Wendy's and Wingstop.

Watauga Towne Center is located in a suburb in one of Dallas-Fort Worth's fastest growing residential areas. The property is strategically situated amidst a high concentration of national “big-box” retailers. These national retailers create a high volume of consumer traffic, which may benefit Watauga Towne Center. Other national retailers within half a mile of Watauga Towne Center include Bed Bath & Beyond, Home Depot, Kohls, Linens ’N Things, Marshall's, Michaels, Office Depot, Party City, Petco, PetsMart, Pier 1, Ross, Sports Authority, Staples, Super Target and World Market. This concentration of retailers, occupying over 1 million square feet, reflects considerable trade area demand.

The highlights of this project include the following:
  • $16,086,000 acquisition price
  • $7,171,166 equity investment
  • 7.05% CAP rate
  • 7.15% year one cash-on-cash yield (pro forma)
  • 7.51% 5 year average yield
  • 8.64% 10 year average yield
  • Currently 95.7% leased
  • Built in 1999
  • Shadow Anchored by Albertsons and Savon (not a part “NAP” of the offering)
  • Situated along the most heavily traveled roadway in the trade area (Source: Texas Department of Transportation)
  • Having grown 32% over the last five years, the current population within a 3-mile radius of the property exceeds 110,000 people and
    is projected to reach 135,500 by 2011 (Source: Claritas, Inc.)
  • The estimated 2006 average household income is $98,000, greatly exceeding Local, State and National averages (Source: Claritas, Inc.)

Please contact me for a complete marketing package for this investment oppportunity.

Tuesday, May 09, 2006

Net Lease Investment - Verizon & Kirkland's - Panama City, FL

Investment: Price - $4,047,000 (7.25% Return)

Property Highlights:

- Strong National Tenants
- 100% Leased to 2-Tenants
- Two 10-Year Leases
- Fixed Rental Increases

Location and Market:

- Outparcel to Home Depot
- Above Average Household Income
- Growing Retail Market

Please contact me if you'd like to receive an offering memorandum on this property.

Monday, May 08, 2006

Net Lease Investment - Gold's Gym - O'Fallon, IL

Investment: Price - $8,275,000 (7.25% Return)

Property Highlights:

- Corporate Guarantee
- Fixed Rental Increases

Location and Market:

- Fast Growing Suburb in St. Louis
- 42,700 Average Daily Traffic Count
- $70,000+ Average Household Income within 5 Miles

Please contact me if you'd like to receive an offering memorandum on this property.

Sunday, May 07, 2006

Net Lease Investment - Sportsman's Warehouse - Las Cruces, NM

UPDATED PRICE!

Investment: Price - $7,947,000 (7.25% Return)

Property Highlights:

- New 15 Year NNN Lease
- Fized Rental Increases
- Brand New Construction

Location and Market:

- Excellent Retail Location
- High Visibility From Interstate

Please contact me if you'd like to receive an offering memorandum on this property.

Friday, May 05, 2006

Net Lease Investment - Eckerd Drug Store - Canonsburg, PA

Investment: Price - $5,676,000 (6.75% Return)

Property Highlights:

- 20-Year Absolute Net Lease
- Rent Commencement May 2005
- Double Drive-Through Pharmacy

Location and Market:

- Excellent Location
- 20 Miles Outside Pittsburgh
- Just off Interstate-79

Please contact me if you'd like to receive an offering memorandum on this property.

Thursday, May 04, 2006

Net Lease Investment - Dal-Tile Corporation - 7.0% Return

Investment: Price - $1,181,000 (7.00% Return)

Property Highlights:

- 10-Year Net Lease
- Brand New Construction
- $1.5 Billion in Sales

Location and Market:

- Easy Access to Highway
- Strong Texas Market

Please contact me if you'd like to receive an offering memorandum on this property.