Investment Real Estate topics throughout California and sometimes further! Mario Pinedo has been a Realtor since 1991 in Silicon Valley and has sold throughout California and the West. His primary investment vehicle is multi-family rental properties. Mario focuses on major markets from San Diego, Orange County, Los Angeles, San Jose, San Francisco and northern California. He currently lives in Irvine, CA.
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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