NAI Capital Commercial Real Estate has the listing to sell a 6,700 sq.ft. two-tenant building in La Quinta, CA. The tenants have NNN leases with periodic rate increases. The site is located at one of the busiest intersections in the Coachella Valley. The project is across from Wal*Mart, Stater Brothers, Lowes, Starbucks, Red Robin and an eight-screen theater.

For more information contact Laurence Saper, NAI Capital Commercial Real Estate, 19300 South Hamilton Street, Gardena, CA 90248; 310-532-9080, Fax 310-327-6259; Email: lsaper@naicapital.com.

Walpert Properties acquired three centers in the Kansas City, MO market. The company acquired the 32,380 sq.ft. Noland Road Retail Shops in Independence, MO. The center is anchored by Dollar General, Rent-A-Center and Zeke’s Painted Design. The transaction price was $1.9 million and the seller was Key Properties I LLC. The company acquired the 86,187 sq.ft. Woodson Village Shopping Center in Raytown, MO. The center is anchored by Sunwest Grocery Store and Dollar General and is located on East 63rd Street. The seller was McGregor Interest KCI, LLC and the transaction price was $2.55 million. The company also acquired the 31,086 sq.ft. Twin Oaks Shopping Center in Belton, MO. The center is anchored by Family Dollar and Bargain Barn and is located on East North Street. The seller was Twin Oak Partners II and the transaction price was $1 million.

For more information contact Patty Riney, Walpert Properties, 11457 Olde Log Cabin Road, Suite 200, St. Louis, MO 63141; 314-567-1221, Fax 314-567-9289; Email: info@walpertproperties.com.

Lexington Corporate Properties Trust is seeking to acquire prospective and completed build-to-suits, sale-leasebacks and other single-tenant, net-leased properties. The company is seeking well located properties with few specialized improvements and values of at least $7 million. Transactions can be all cash, subject to existing financing, or tax-free exchanges of partnership units with Lexington’s operating partnership. The company can assist with construction financing and prefers projects in major US metro markets but smaller cities will be considered. Only leases with minimal or no landlord exposure will be considered and the company prefers periodic rent increases, especially in long term deals. S&P rating of BB is preferred, equivalent but unrated tenants will be considered.

Pacific Ridge Inc. has the listing to sell the 64,300 sq.ft. El Paseo Power Center in Calexico, CA. The center is located on Rockwood Avenue in front of a center anchored by Wal*Mart and Imperial Hardware. The asking price is $6.25 million at 10.4% CAP rate and has a NOI of $651,000. A $1.85 million down payment is required (14% return cash-on-cash) and a $4.4 million non-recourse loan at an 8% rate is assumable for one point subject to lender’s approval. The loan cannot be prepaid until 2009. The center has an occupancy factor of 92% with 5,020 sq.ft. available.

Diplomat Realty 2000+ is seeking to acquire triple-net leases with seven to 20 years remaining on the term. The company pays cash and prefers fully occupied properties with long-term tenants. The company also buys seller-financed mortgages for cash.

Wal*Mart Realty is selling three parcels near its stores in southern CO. An 8.59-acre site in La Junta, CO with frontage on U.S. 50 has an asking price of $100,000. The company has a 1.76-acre site in Alamosa, CO with an asking price of $425,000 and the parcel in Lamar, CO is just under one acre and has an asking price of $150,000.

Cap Rate Properties, Inc. represents a motivated buyer seeking a NN or NNN-leased single tenant retail building in southern CA, preferably Orange County. The buyer has a price range of $2 million to $4 million. The buyer has closed the 1031 downleg and has $1.2 million cash down available.

Ludwig and Karas, Inc. Real Estate is listing 10 Meijer outparcels in MI: a 1.432-acre parcel and a 1.493-acre lot at the intersection of Middlebelt and Schoolcraft Roads in Livonia; a 1.2-acre at the intersection of Ford and Canton Center Roads in Canton Township; a 1.5-acre parcel at Utica and 15 Mile Roads in Fraser; a 1.5-acre parcel at Haggerty and Eight Mile Road in Northville; a parcel at M-24 and Ray Road in Oxford; a 2.4-acre parcel at Van Dyke and 16-Mile Roads in Sterling Heights; a 1.5-acre plot at Pardee and Eureka Roads in Taylor; a 1.2-acre parcel at M-59 and Pontiac Lake Road in Waterford and a 12-acre parcel at Allen and West Roads in Woodhaven.