Top 6 Properties 11-30-09

Advisory: Transmercial has noticed a surge in buying activities in the last 3-4 months. At the same time, there are less good buys on the market. Transmercial believes investors, i.e. buyers feel more confident and are ready to acquire commercial properties while sellers put their properties on hold waiting for a better market. Starting from today, Transmercial will also provide an update on status changes on only properties that have been emailed to you. Each status change will consist of property name/type, city, state and property status, e.g. PS for Pending Sale, COE for Close of escrow, OTM (Off the market). Transmercial hopes this status update will give you a better picture of the current market which may benefit you.

1. Medical Building in Atlantis, FL: 5400 SF Class-B single-tenant medical building conveniently located across from JFK Medical Center south of West Palm Beach. 100% NNN leased by strong medical tenant till 2012. NOI $120K/yr. $1.3M. 9.23% Cap.
2. Multifamily Building in Oakland, CA: 5-units partially remodeled apartment building near Fwy-880. 100% leased. NOI $59K/yr. $700K. 8.5% Cap. Excellent for 1st time investor.
3. Jiffy Lube in Gilbert, AZ: 1504 free-standing retail building situated along major thoroughfare in booming (761.91%) wealthy (AHI $94K/yr) neighborhood. Long NNN leased by a franchisee with 30 locations. NOI $107K/yr. with strong 3% annual rent bump. $1.130M. 9.5% Cap.
4. Majestic Liquors in Pantego, TX: brand new 8000 SF retail building on .79 acre lot adjacent to Wal-Mart in fast growing Dallas Fort-Worth metro. 20-years absolute NNN corp lease with 10% rent increases every 5-years by the #2 beverage tenant in TX with over 48 locations and $148M in sales. NOI $162K/yr. $1.8M. 9% Cap.
5. Retail Building in Acworth, GA: brand new 20,000 SF retail building on 2.19 acres of parcel at great location in fast growing Atlanta suburbs. 20-years NNN leased. NOI $349K/yr. $3.190M. 10% Cap.
6. Shopping Center in Plainfield, IN: 50,400 SF shopping center constructed in 2003 on 5.78 acres of land anchored by Dollar Tree near I-465. NOI $559K/yr. $5.750M. 9.74% Cap.
   
   
   Status Changes:
   1. Walgreens in Saint Charles, IL: active to in contract.
   2. Big O Tires in Mesa, AZ: under LOI per broker.
   3. CVS pharmacy in Bakersfield, CA: from in contract to Off the market (OTM)
   4. Office building in Keller, TX: $761K. from active to In contract
   5. Multifamily in Orlando, FL: $1.149M, from active to in contract.
   6. Kindercare in Ft Washington, MD: $1.082M. From active to in contract.
   7. Shopping center in Calabasas, CA: from active to Off the market (OTM)
   8. Hotel in Clearwater, FL: from in contract to OTM.
   9. Walgreens in Mesa, AZ: from In Contract to OTM
   10. Shopping center in Pomona: from In contract to OTM.
   
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