HinkinsREA sponsors The 15th Annual Commercial Real Estate Golf Tournament will be held September 30 at Crow Canyon Country Club. This is one of the most popular tournaments of the year, with dozens of prizes and gifts, good food and drinks culminating with a great dinner party. Sign up here http://iremccimgolf.dojiggy.com/ng/index.cfm/af604/regPages/pages/?p=2083
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