HinkinsREA President Mark Hinkins, is looking for a few good directors for NCalCCIM (www.ccim.com) for his 2014 Leadership Team. If you are interested in being on the chapter Board of Directors, or working on a committee, send a brief email introducing yourself and your interests before next Wednesday to: Mark.Hinkins@HinkinsREA.com
Hinkins Real Estate Analytics Inc. represented the Investor in the acquisition of this NNN leased single tenant flex office building totaling 12,662 square feet on a site of 1.2 acres. The property is leased to System 3, a strong regional tenant. Property: 5945 Palm Drive, Carmichael, CA (Fee interest) Size: 12,662 SF Office Flex Building on 1.20 Acres (52,272 SF) Lease Type: NNN, Single Tenant Tenant: System 3 Sale Price: $1,670,000 ($131.89 psf) Cap Rate: 8.71% (Yr. 1 NOI - $145,386, 5% annual increases) Sale Date: 11/13/14