Alan Levy & David Meir

Current Ads

NEW:   LA Fitness - 5550 N. MacArthur Blvd., Irving, TX

Price:$11,896,215
Building SqFt:45,000 sqft
Price Per SqFt:$264.36
CAP:7.0%
Lot Size:5.0 acres approximately
Yearbuilt:2006

NEW. This LA Fitness is located in the growing master planned corporate park of Las Colinas, a submarket of Dallas, Texas. Built in 2006, this Class A, 45,000 square foot, 7 cap opportunity has 14 years remaining on the original 15 year term. It is an absolute NNN lease with 3 x 5-year option with bumps every 5 years. This investment offers the benefits of al ong ter lease with a nationally recognized tenant, a prime retail location on the primary retail corridor, dense daytime business population, proximity to other big box and national retailers, and explosive demographic growth.

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NEW:   Santa Fe Plaza - 3560 Santa Anita Ave., El Monte, CA

Price:$13,800,000
Building SqFt:47,794 sqft
Price Per SqFt:$288.74
CAP:6.6%
Lot Size:3.85 acres
Yearbuilt:1988

NEW. Santa Fe Plaza is located in the dynamic and ethnically diverse city of El Monte, approximately 12 miles east of downtown Los Angeles. Built in 1988 by the current owner, Santa Fe Plaza shopping center is anchored by Rite Aid offers a long track record of tenant stability and historically full occupancy. Presently, rental rates in the Santa Fe Plaza average $1.68 per square foot. This opportunity enables the prospective purchaser to adjust rents upward as the leases expire, as local market rents within a one-mile radius average in excess of $2.00 per square foot.

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NEW:   The Sedona on Laurel Apartments - 5717 Laurel Canyon Blvd., Valley Village, CA

Price:$10,700,000
Building SqFt:48,457 sqft
Cost Per Unit:$198,148
CAP:5.35%
Lot Size:32,104
Yearbuilt:1986

NEW. Built in 1986, and having had major rehab completed in 2005-2006, this 54-unit, non-rent controlled apartment building offers significant upgrades and numerous desirable amenities. The Sedona on Laurel is located on the west side of Laurel Canyon between Burbank and Oxnard in the vibrant city of Valley Village. Its proximity to Ventura Blvd. and the 101 and 170 Freeways is a desirable feature for residents who like the convenience of easy access to work and leisure. A great assumable loan is in place, and the property is priced for a quick sale.

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NEW:   Belt Line Square - 4021 Belt Line Road, Addison, Texas

Price:$6,925,000
Building SqFt:35,212 sqft
Price Per SqFt:$196.67
CAP:7.75%
Lot Size:113,194 sqft
Yearbuilt:1981

NEW. Built in 1981, the Belt Line Square shopping center offers a long track record of tenant stability. Approximately half of the tenants have occupied the shopping center for 5 years or longer, many of whom have been tenants for greater than 10 years. Today, the center is 97% occupied and has a historical occupancy rate of 95% and greater. Today, rents average $15.54 per square foot, enabling the prospective purchaser to adjust the rental rates upwards as the leases expire.

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NEW:   24 Hour Fitness - Bedford, Texas

Price:$7,385,000
Building SqFt:40,000 sqft
Price Per SqFt:$184.63
CAP:8.0%
Lot Size:3.2 Acres
Yearbuilt:2000

NEW. The subject property is nearly 40,000 square feet of retail space currently operating as a 24 Hour Fitness sport level club, offering its members the amenities of weight and cardio equipment, group classes, and personal training, among others. Conveniently located in a highly populated suburban area near major highways, the property is easily accessible from Highway 121 and L Don Dodson Drive, and benefits from great visibility. Located in Bedford, Texas, in the growing Dallas-Fort Worth metropolitan area, 24 Hour Fitness leased the space for an original term of 15 years and now has 7 years remaining.

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NEW:   Retail / Condo Development Project - Camarillo, California

Price:$3,350,000
Proposed SqFt Retail:13,750
Proposed SqFt Condos:30,780
Current Use:Vacant land approved for mixed use retail / condo development
Lot Size:44,530 sqft approx.
Zoning:Mixed-Use

NEW. Approved for the mixed-use development of 13,750 sqft of reatil space and 20 condos, this 45,000 square foot parcel of land offers the investor a great opportunity to build in the heart of Camarillo. The buyer may also elect to build 32 apartment units intstead of the 20 condos. In close proximity to the 101 Freeway and adjacent to Best Buy Market Wine & Spirits located at 2161 Pickwick Drive in Camarillo, this parcel of land is an infill location surrounded by high density residential and commercial developments.

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NEW:   100% Leased, Single Tenant Warehouse/Logistics Investment Opportunity - Pontiac, Michigan

Price:$25,278,720
Building SqFt:363,200 sqft
Cost per SqFt:$71.59
CAP:8.75%
Lot Size:26 acres
Yearbuilt:2002

NEW. Located in the Centerpoint Business Park in Pontiac, Michigan, this Class A warehouse/logistics facility includes features such as masonry and architectural siding exterior walls, 8” concrete floors, 26’ clear ceiling heights, and a metal roof with 20 year warranty. Founded in 1992, Logistics Insight Corporation (LINC), is a subsidiary of Central Transportation, Inc. (“CenTra”) which is ranked by Forbes as one of the largest 500 privately held companies, with annual revenues estimated near $1.1 billion according to Crain’s Detroit Business. LINC is a highly-rated sequencing supplier to General Motors and is contracted to be the drive train and bumper sequencer to the GM Pontiac East Assembly Plant through the lease term. The Pontiac East Assembly Plant is one of GM’s most productive and profitable plants in the world, producing the popular Chevrolet Silverado and GMC Sierra full-size pick-ups. The facility is located within 2000 ft. of the GM Plant and was enthusiastically endorsed by GM because of the nearby location to the Plant, saving GM over $2 million annually in trucking costs and “just in time” (JIT) compliance from the previous logistical center locations. With annual savings of this magnitude, it is certain that this facility will be serving the Pontiac East Plant for many years. GM and LINC have invested over $1 million in equipment and infrastructure at the facility.

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AVAILABLE:   138,000 SqFt Single Tenant Industrial - Valencia, California

Price:$15,300,000
Building SqFt:138,000 sqft
Cost per SqFt:$110.87
CAP:5.84%
Lot Size:261,796 sqft
Yearbuilt:1980

AVAILABLE. DO NOT DISTURB TENANT! Single tenant net leased investment opportunity with no landlord responsibilities. The company, California Millworks, is a privately held company that has been operating from this facility for over 15 years. Current tenant is paying below market rents of $6.47 per foot. The property was built in 1980 and is a concrete tilt up building with 5 dock high doors, 21 foot minimum clear height with approximately 10,000 square feet of quality office space. The property is leased until February 13th, 2013, with rental increases every two years. The increases are tied to the CPI with a minimum of 4% and a maximum of 8%. The property has an extensive dust collection system with two huge vacuums at the rear of the building. The Valencia submarket has a low vacancy rate of 5.35% as of the third quarter of 2005. Located in a master planned business park. The Valencia area is a high growth location for not only industrial, but retail office and single family residences. Buyer must assume existing conduit loan. DO NOT DISTURB TENANT!

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