HinkinsREA to particpate in the Bay Area Real Estate Outlook 2014—Save the date of Sept. 12 for a special breakfast presentation featuring a panel of area experts looking at what’s ahead in Commerical Real Estate. Join us at the Oakland Ma...rriott as we team with BOMA East Bay/Oakland, IREM and NCCAR for the season’s largest networking opportunity. http://www.cvent.com/events/bay-area-real-estate-outlook-2014/event-summary-46b82f6b3ab14f6c8c120d1426a8529d.aspx
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