Opportunities
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Opportunities


FOR SALE
 

NNN Properties For Sale

Galyan’s Trading Company properties available: Atlanta MSA, GA with an asking price of $9,729,730; Chicago MSA, IL priced at $12,702,703; Kansas City MSA, KS with an asking price of $13,135,135; Minneapolis MSA, MN with an asking price of $14,270,270; Washington, D.C. MSA, VA with an asking price of $12,702,703; Indianapolis MSA, IN with an asking price of $8,055,000.

For more information, contact Jeff S. Thomas, marketing specialist, CB Richard Ellis, 3501 Jamboree Road, Suite 100, Newport Beach, CA 92660; 949-725-8456, Fax 949-725-8545; e-mail: jsthomas@-cbrichardellis.com.


I-95 Land

Multiple tracts available on Interstate 95, only one exit from outlet malls in Westbrook, CT. Zoned for Interstate (flexible). Can be purchased separately or assembled, from four to total 20 acres. Utilities to property. Will need engineered septic. May be leased.

For more information, contact Gregg B. Wagner, Beazley Company Realtors; 860-388-3491; Web site: lcproperty@aol.com or beazleyland@aol.com


Historic Buildings

Ideally located in downtown Pensacola, Florida, several historic buildings for sale at Main and Palafox Streets. Circa 1892-98, well-maintained and both contain 13,000+ sq.ft. Just blocks from Escambia Bay, zoned C2A. Pensacola is revitalizing downtown area and bayfront.

For more information, contact Larry M. Neal, 850-479-7355.


Myrtle Beach, SC Theater

33,000 sq.ft. theater-in-the-round in Fantasy Harbor multi-theater complex, which includes Crook & Chase Theater, The Forum, Medieval Times and The Savoy. Located behind Waccamaw Pottery on Hwy. 501 with summertime traffic counts of well over 70,000 cars per day. Asking $600,000, all amenities included.

For information, contact Mitchell Flannery, 843-946-6964, e-mail mitchell.flannery@landsouth.net.


East Greenwich Square, RI

13,500 sq.ft. former Discovery Zone, East Greenwich Square, East Greenwich, Rhode Island. Anchored by 20-plex Showcase Cinema, Homelife by Sears, Walgreens, Ro-Jacks plus Ruby Tuesday, McDonalds, and Outback Steakhouse. Parking ratio 6.5 spaces/1,000 sq.ft., total building area of 155,855 sq.ft. Access to Routes 95, 4 and 2.

For more information, contact Mark Briggs, director of leasing, Carpionato Properties, Inc., 1414 Atwood Avenue, Johnston, RI 02919; 401-273-6800, Fax 401-751-2479.


Downtown Stamford, CT

Unique fast-growing downtown with both existing or build-to-suit space available. Spaces available of 1,700 sq.ft., 4,000 sq.ft and 8,000 sq.ft. located at intersection of Atlantic, Redford and Broad Streets. Anchored by Macy’s with Stamford Town Center, Saks and Filene’s in immediate area; parking for 6500 cars. Two outlots of 55,000 sq.ft. and 120,000 sq.ft. also available. Population of 144,000 in five-mile radius with household income averaging $112,750. Market rent $30 psf, asking rent $27 psf; CAM $1.50; taxes $1.

For more information, contact: John Ruotolo, Stamford Downtown SSD, 1 Landmark Square, Suite 100, Stamford, CT 06901; 203-348-5285, Fax 203-348-6857; Web site www.stamford.com.


Centre of New England

Mixed-use center to open 2001 in Coventry, RI seeks tenants for 1.4 million-sq.ft. outlet mall, one-million-sq.ft. retail side and 3.5-million-sq.ft. industrial side. Vanity Fair and Mikasa signed as anchors with Samsonite, Wilsons Leather, Zales, Ultra Gold & Diamond, Lids, Vitamin World, Dress Barn, Claire’s, Quicksilver and Sunglass World pending. Located at intersection of New London Turnpike and Hopkins Hill Road with traffic of 115,000 cars daily; two entrances.

Population of 239,517 in 10-mile radius with median income of $53,489. Project offers no inventory or personal property taxes for 10 years. No real estate taxes for first year, then 10 percent escalation for next 10 years. Major centers in area include Warwick Mall and Rhode Island Mall. Competing center is Wrentham Village, Wrentham, MA.

For more information, contact Lori A. Marchetti or Julie A. Menard, Universal Properties Group, Inc., 207 Quaker Lane, Suite 300, West Warwick, RI 02893; 401-828-3500, Fax 401-823-7329.


Specialty Space in Kalamazoo

3,500 sq.ft. to lease in Carillon Centre, Portage/Kalamazoo, MI. Anchors include Pier I Imports, Talbots, Talbots Petites, Z-Teca Mexican Grill and Franklin Covey. Daily traffic count of 45,000, five-lane road with two cuts and intersecting South Westnedle Avenue. Located near Best Buy and directly in front of Crossroads Mall on main commercial corridor in Kalamazoo County. Five mile demographics of 108,000 population and $54,000 average income.

For more information, contact: Terry Patterson, Monroe Management Company, 7950 Moorsbridge Road, Portage, MI 49024; 616-329-1808, Fax 616-323-8705; e-mail tpatterson@monroemgmt.com; Website www.monroemgmt.com.


Peachtree City Plaza

On a two-acre tract of land in Peachtree City, Georgia, at the intersection of State Highways 54 and 74, a 16,000-sq.ft. retail space, known as Peachtree City Plaza, will be located at the entrance to The Avenues at Peachtree City, offering 160,000 sq.ft. of contiguous retail development. Retail spaces of 1,000 sq.ft. to 5,000 sq.ft. available, attracting regional and national retailers not currently serving Peachtree City.

For more information, contact Pat Heaberg, Pathway Communities, 770-487-8585.


Largo, FL

Just listed new commercial site, 2.1 acres zoned retail, part of development with a Walgreen’s, Suburban Lodge at the corner of Ulmerton Road and 66th Street north, Largo, FL. Priced at $12 psf. May consider build to suit or ground lease.

For more information, contact Bill Eshenbaugh, Eshenbaugh Com-mercial Services, Inc., 1208 S. Myrtle Avenue, Clearwater, FL 33756; 800-456-6161, 727-446-9595, Fax 727-446-9525; e-mail: eshland@gte.net; Web site: eshland.com, U/C thedirtdog.com.

 

FINANCING
 

Vista Capital

Vista Capital offers construction and leasehold improvement loans from $500,000 to $5 million. Program will provide up to 100 percent financing and may be combined with one or more other programs to reach the leverage factor required. Property must be at least 33 percent owner occupied.

Also available is commercial properties financing from $300,000 to $500,000. Program will provide up to 90 percent financing and may be combined with one or more other programs to reach the leverage factor required. Property must be at least 25 percent owner occupied.

For more information, contact Steven Mellish, Vista Capital, 212-422-4100, Fax 212-422-1964; e-mail vistacap@juno.com.

WANTED
 

Developer Wanted

Experienced developer(s) wanted for minor league baseball stadium (independant league) w/adjacent pro soccer grandstand and 30-store retail factory outlet mall. UEZ, redevelopment zone, and possibile brownfields. Host city’s support.

For more information, contact NJ Dave, RBI, Inc. (Redevelopment thru Baseball Initiatives, Inc.), 732-571-9464.