Friday, February 17, 2012
2 Tenant Bay Area NNN for Sale
Corporate leased NNN investment property for sale in Antioch. $4,1550,000 at a 7% cap rate. Approximately $1,500,000 down payment needed to match current attractive existing fixed rate financing. Well positioned pad in a grocery and drug store anchored neighborhood center. This is a solid investment property in the Bay Area with good long-term prospects. If you look at NNN investment throughout California - single tenant, decent leases, known tenants - cap rates are 6% - 6.5%. This is a Bay Area NNN investment property with good tenants at a 7% asking rate. I like this deal - call for details.