This blog forum is for the discussion of real estate as an investment and as a place to call home. The home that you own is an investment as is the shopping center investment or the rental apartment building. All topics of real estate to further wealth building and wonderful living are open to discussion. The more diverse the better. Please try to challenge us.
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.
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