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 after 2 weeks delay. Please click here to see how Transmercial selects the following properties among 300-400 properties on the market today.
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. Used by Transmercial only.
1. Medical Office building in Arlington Heights, IL: 18,154 SF medical office building on 1.38 acres lot on a major artery near Town & Country Village Mall in middle class Chicago suburbs. Fully leased since 1991. Tenants include Affinity Health Care (Northwest Community hospital), Northwest Eye Physicians. NOI $398K/yr. $4.25M. 9.37% cap.
2. Office Building in Houston, TX: 178,955 SF class-A 8-story office building in the highly-renowned Galleria (AHI $120K/yr within 1 mile), the most vibrant commercial district in Houston. 91% leased. Tenants include Alliance Insurance (25,892 SF), Alert Logic (20,563 SF). 91% leased. Amenities include: 4 updated elevators, card entry, closed circuit cameras, onsite deli, and separate parking garage building with 710 spaces. Current NOI $1.612M. $16.75M. 9.62% cap.
3. Walgreens in Naperville, IL: 14,490 SF drug store built in 2005 on 1.98 acres corner lot in middle class Chicago suburbs. 25 yrs NNN lease with 20 yrs remaining. NOI $350K/yr. $5.072M. 6.9% cap. Buyer to assume $3.467M loan with 5.36% interest. 6.9% cap.
4. Shopping Center in Kannapolis, NC: 48,439 SF 8-unit shopping center built in 1988 on 6.12 acres lot NE of Charlotte. Anchored by Food Lion Supermarket. 100% leased. NOI $425K/yr. $5M. 8.5% cap.
5. Rite Aid in Columbia, SC: 14,673 SF drug store built in 2008 on 1.69 acres hard corner lot in upper middle class. 100% NNN lease with 18 yrs remaining. NOI $298K/yr. $3.565M. 8.27% cap.
6. Medical Office Building in Columbus, OH: 11,657 SF medical office building on 1.79 acres lot. New 7 yrs NNN lease. NOI $198K/yr. $1.8M. 11% cap.
7. Super 8 Motel in Spokane, WA: 81-unit motel built in 1990 and remodeled in 2008. On 4.1 acres lot with I-90 frontage by Spokane Airport. Swimming pool, fitness center. Gross income in last 12 months was $1.3M. NOI $623K/yr. $4.69M. 13.3% cap.
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FREE “How to invest in commercial real estate” seminar/webinar.
Date: Sat Nov 13, 2009
Time: 8:55AM to noon PST
Place: Transmercial at 1340 Tully Rd. suite 307. San Jose CA. You can also attend the seminar remotely if you have a PC with Internet access (to see the presentation) and phone (to listen in and ask questions).
Presenter: David Tran
This seminar is intended for investors who would like to understand the fundamentals of commercial real estate investment:
- Compare commercial vs. residential investment properties.
- Commercial real estate terminology: cap rate, NOI, etc.
- Which property type should you invest? Shopping strip, Office building, Apartment, or Gas station? Single tenant or multi-tenant properties?
- How to choose a good investment property.
- Investment returns
- When is a best time to invest in commercial real estate?
- National demographic trends that may influence on where to invest
- Where should you invest?
- Leases: gross lease, net lease, & percentage lease. Which one investors prefer?
- Property Management issues.
- What you should know about financing for commercial properties.
- The offer process, due diligence.
Please use attached form for reservation for both seminar and webinar. Instruction has been emailed to those who signed up for webinar. Pease advise if you have not received it.
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