Tuesday, April 24, 2007

Cornerstone Office Park - Daytona Beach, Florida

Click to view all property options The Cornerstone Office Park is a newly developed, 94,518-square-foot, office project comprised of two 2-story, Class “A” buildings. Completed in 2006, the property is situated on 11.3 acres within the Gateway Business Center—the premier business address in Daytona Beach, Florida.

Notable for grand interior finishes, such as a marble and mahogany atrium lobby, and a grand exterior highlighted by a center fountain pond, Cornerstone Office Park has attracted significant and highly-recognized tenants such as AG Edwards, University of Phoenix, UBS Financial Services, and Countrywide Home Loans. The property is located just minutes from I-4, I-95, and Daytona Beach International Airport. It is also within commuting distance to Orlando, Jacksonville, and the Kennedy Space Center.
Click to view all property options. Here are some details on the property:
  • Property Type: Office
  • Purchase Price: $17,500,000
  • Minimum Purchase: $400,000
  • Cap Rate: 7.58%
  • Projected Cash-On-Cash Return: 7.00%

A full marketing package is currently being developed for this property. If you're interested in receiving more information, please contact me and I'll send it out to you as soon as it's made available.

Thursday, April 05, 2007

Cross Creek Center - Durant, Oklahoma

Minimum Investments Starting At $150,000.00

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  • Property Name: Cross Creek Center
  • Rentable SqFt: ± 18,165.00
  • Purchase Price: $4,053,500.00
  • Price per SqFt: $223.15 /sqft
  • Loan Amount: $0.00
  • Equity: $4,053,500.00
  • Loan-to-Value: 0.00%
  • Percent Occupied: 100.00%
  • Type: Single-story retail building

Property Description:
Cross Creek Center is a Wal-Mart Supercenter shadow-anchored, retail center filled with a complementary mix of retail and service tenants. Located directly across from Wal-Mart, Cross Creek Center benefits greatly from the traffic created by the Wal-Mart Supercenter. Cross Creek sits at the town’s pivotal intersection of Main Street and Highway 70 (H-70), and offers great access to Interstate 75 (I-75).

Top Tenants by Total Rent:
Cross Creek Center is currently 100% leased with seven tenants and a Seller Guaranty. The noteworthy leaseholders include Subway, U.S. Cellular, and Southern Maid Donuts.

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

Kemper Pointe Office Bulding - Cincinnati, Ohio

Minimum Investments Starting At $250,000.00

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  • Property Name: Kemper Pointe
  • Rentable SqFt: ± 96,660.00
  • Purchase Price: $17,185,000.00
  • Price per SqFt: $177.79 /sqft
  • Loan Amount: $9,800,000.00
  • Equity: $7,385,000.00
  • Loan-to-Value: 57.03%
  • Percent Occupied: 95.96%
  • Type: Class A Office

Property Description:
Kemper Pointe is a Class A, four-story commercial office building located in Cincinnati, Ohio. The Property is located in the Blue Ash submarket, which is one of the healthiest office markets in Cincinnati with positive absorption and strong growth.

Top Tenants by Total Rent:
Kemper Pointe is currently 95.96% leased and houses a strong mix of national and regional tenants including itelligence, Inc., RE/MAX, Software Information Systems, eLynx, Ltd., The O’Gara Group, and Kronos, Inc.

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

Trinity Ridge Business Center - Memphis, Tennessee

Minimum Investments Starting At $325,000.00

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  • Property Name: Trinity Ridge Business Center
  • Rentable SqFt: ± 234,322.00
  • Purchase Price: $27,670,000.00
  • Price per SqFt: $118.09 /sqft
  • Loan Amount: $17,036,250.00
  • Equity: $10,633,750.00
  • Loan-to-Value: 61.57%
  • Percent Occupied: 96.50%
  • Type: Office/Flex

Property Description:
Trinity Ridge Business Center is a multi-tenant, flex portfolio located off of Trinity Road in the eastern portion of Memphis. The buildings, constructed from 1999 to 2006, consist of eight concrete and glass buildings containing approximately 234,322 square feet and residing on approximately 22.10 acres. The Property is located adjacent to Shelby Farms, which is a 4,500 acre county owned park.

The success of Trinity Ridge is attributed primarily to its location and its geographic isolation to its competitors. The buildings are in excellent condition and are highly visible and easily accessible. Currently, Trinity Road is a dead end road, but the City of Cordova is planning to extend Trinity Road through Shelby Farms making it a busier major thoroughfare. Trinity Ridge Business Center has eight different entrance/exit points, with generous parking space to service both employees and customers

Top Tenants by Total Rent:
Trinity Ridge Business Center is a multi-tenant, flex portfolio located off of Trinity Road in the eastern portion of Memphis. The buildings, constructed from 1999 to 2006, consist of eight concrete and glass buildings containing approximately 234,322 square feet and residing on approximately 22.10 acres. The Property is located adjacent to Shelby Farms, which is a 4,500 acre county owned park.

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