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Buyers & Sellers
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Buyers & SellersWhitesel Real Estate has the listing to sell a 1.9-acre lot zoned for commercial development and located on Whittier Boulevard in Whittier, CA. The site has 315 feet of frontage and is currently being used as an auto dealership. The average daily traffic count is 42,000 cars. Demographic reports show a population of 158,367 residing within three miles earning $65,093 as the average income. For more information, contact David Whitesel at 562-945-1211, Fax 562-945-1177.
Syndicated Equities Corporation has the listing to sell two Walgreens drug stores: a 15,120 sq.ft. unit located in Duluth GA with an asking price of $4.3 million, and a 13,905 sq.ft. unit located in Des Moines, IA with an asking price of $3.658 million. The company also has the listing to sell a 23,942 sq.ft. Staples Office Supply located in Guntersville, AL. For more information, contact Mark Goldberg at 312-640-9023, Fax 312-640-9021, Email mark@syndicatedequities.com
Net Lease Properties, LLC has the listing to sell a 4,295 sq.ft. Hollywood Video located at the northeast corner of Grand and Foothill Boulevard in Glendora, CA. The building sits on a parcel of 13,400 sq.ft. and is leased for 10 years commencing in December 1999 plus three five-year options. Annual rent is $128,850 with CPI increases every five years not to exceed 12% percent. The landlord is responsible for roof and structure. The asking price is $1.431 million based on a cap rate of 9%. The company also has the listing to sell a freestanding building of 7,667 sq.ft. and another of 5,500 sq.ft. at a Sav-On anchored shopping center located at the northeast corner of Arrow Highway and Barranca Avenue in Glendora, CA. The combined average daily traffic count is in excess of 39,000 cars. Demographics show a population of 185,964 residing within three miles earning $47,224 as the average income. For more information, contact Brian Tracy or Kevin Barry at 310-252-7656.
Faris Lee Investments has the listing to sell Phelan Village, a 58,619 sq.ft. shopping center located at the intersection of Phelan and Sheep Creek Roads in Phelan, CA. Anchors include Stater Bros. and Rite Aid, while other tenants include Radio Shack, McDonald’s and Auto Zone. The asking price is $5.48 million based on a cap rate of 9%, with a required down payment of $1.855 million and assumable financing in place of $3.105 million. Cash-on-cash is 11.3%. The company also has the listing to sell Barstow Mall, a 142,127 sq.ft. shopping center located on East Main Street just off the Interstate 15 Freeway in Barstow, CA. Anchors include Pic n’ Save. The asking price is $4.5 million. The center is 54% vacant. An additional four-tenant retail pad is 100% occupied and is included in the offering. The company also has the listing to sell Spikes Teriyaki Bowl, a 2,400 sq.ft. facility located on a lot of 27,546 sq.ft. located near the intersection of Sierra Avenue and Foothill Boulevard in Fontana, CA. The asking price is $1.533 million via all cash or cash to new loan. The cap rate is 9%. Demographics show a population of 120,000 residing in the 56-square mile region surrounding the store, and the average income is $39,189 for residents within a three-mile radius. For more information, contact 949-221-1800.
Alliance Property Management has the listing to sell a 19,037 sq.ft. Tractor Supply Company store located on West State 31 in Corsicana, TX. The asking price is $1.6 million based on a 9% cap rate. The property sits diagonally across the street from Corsicana Mall, Big Kmart and Wal*Mart. The property is leased for 15 years NNN with three five-year options. Annual rent is $144,000 with escalations in the sixth and eleventh years. Other major retailers operating nearby include J.C. Penney and Bealls. For more information, contact Jo Anne Hill at 888-828-3101.
Weingarten Realty Investors has entered into a strategic partnership with Hughes Associates to pursue the development of supermarket-anchored neighborhood shopping centers that range in size from 100,000 sq.ft. to 400,000 sq.ft. in NC. Hughes Associates will be responsible for the development of the centers, while WRI will provide expertise in site selection, anchor tenant selection, leasing and management. For more information, contact 713-866-6050, Fax 713-866-6049, Email ir@weingarten.com
Heatley Capital Corporation has the listing to sell a parcel zoned for retail development located on South Highway 121 in the Dallas Fort Worth-Lewisville, TX area. The site rests two blocks from Vista Ridge Mall and Interstate 35 East. Buyers may purchase from 35,000 sq.ft. to 10 acres, with a 60,000 sq.ft. minimum for hard corners. For more information, contact Mike Heatley at 214-220-9617, Fax 972-580-1989. |