Welcome new investors. Each property has a brief description and an one-page flyer (attached). For a full marketing brochure, please email to maria@transmercial.com. Previous lists are posted on Transmercial’s blog.
NOI: Net Oper Income—income after tax, insurance and maintenance expenses paid.
AHI: Avg. Household Income
NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.
NNN-: Triple net lease with landlord responsible for roof and structure.
1. Shopping center in Montgomery, AL: 25,675 SF shopping center built in 1986. Anchored by 8173 SF Dollar General and 7920 SF Small Smile Dentistry. 100% occupied. Gross income of $200K. $1.25M.
2. Apartments in Burbank, CA: 10-unit 3-story 7913 SF apartments built in 1989 in upper middle class (ANI 92K/yr w/i 1 mile) North of Beverly Hills. 17 covered parking spaces on 1st floor. No rent control. NOI $100K. $1.675M. 6% cap.
3. Bank owned Apartments in Sacramento, CA: 62-unit 36,950 SF 2-story apartments in strong rental market. 95% occupied. Amenities include central heat and air, patios/balconies selected units; two on-site laundry rooms, clean and functional pool, off-street gated parking. NOI $179K/yr. $2M. 8.95% cap.
4. Walgreens in Aurora, CO: 14,820 SF drugstore to be completed in 2/2011 in middle-class Southwest Denver suburbs. Across from Big Lots anchored shopping center. 25 yrs NNN lease. NOI $557K/yr. $7.686M. 7.25% cap.
5. Strip Center in Elgin, IL: 9975 SF strip mall on 1 acre outparcel to a 150,000 SF Walmart in growing, high income (AHI $87K/yr w/I 1 mile radius) Chicago suburbs. Anchored by a 6000 SF Fed Ex/Kinko. 90% occupied. NOI $207K/yr. $1.971M. 10.5% cap.
6. Retail Center in Dallas, TX: 7240 SF on ¾ ac lot with all units facing the main road. 100% NNN leased by 5 tenants. NOI $93K/yr. Just $975K. 9.5% cap.
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