Highlights

• 100% leased strip center with 6 nationally recognized tenants
• Annual rent increases in many leases
• 10% cap rate, projected 16.5% cash on cash year 1 with proposed debt or all cash
• Value add component with permitted car wash and potential billboard
• Located on heavily traveled thoroughfare between I-880 and Oakland Int’l Airport
• 34.5 year leasehold interest – 100% Depreciable property -1031 eligible

Description

Airport Plaza presents the rare opportunity to purchase a 5+ year old value add retail center with national tenants at a signalized intersection on the the main artery into Oakland International Airport. The offering has the the following nationally recognized tenants: Chevron, Starbucks, Wendy’s, Subway, and Clear Channel.

Located along 98th Avenue in Oakland, Airport Plaza is ideally situated between I-880 and the Oakland International Airport enjoying a constant stream of traffic.

Financial Summary

Major Tenant Information

Debt & Equity Information

• Proforma
• Year
  2013
• Scheduled Gross Income
  $808,722
• Effective Gross Income
  $808,722
• Operating Expenses
  $339,067
• Net Operating Income
  $469,655
• Pre-Tax Cash Flow
  $233,072