Hinkins Real Estate Analytics President Mark Hinkins, CCIM officially takes office as President of the Northern California Chapter of CCIM. Mr. Hinkins comments 'changes in the skill sets needed to successfully provide real estate investors with 21st century analytics and brokerage practices are central to my retooling of the chapter'. I've applied the standards and good business practices from my brokerage business to the business model for the chapter.
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