11-29: Del Taco, Medical Office Buildings, Retail Centers For Sale

1. Del Taco in Pittsburg, CA: 2780 SF restaurant built in 2001 on ¾ acres outparcel to a power center anchored by Lowe’s, Ross, Petsmart, Best Buy, Target, Burlington Coat Factory just off Hwy 4 exit.  New 20 yrs absolute NNN lease by an operator with 13 locations.  $1.7M. 6% cap.
2. Medical Office Building in Las Vegas, NV: 44,238 SF medical office building on 2.38 acres lot across from 286-bed Desert Springs Hospital.  Anchored by Quest Diagnostics, a national medical diagnostics provider which occupies 86% of the center with over 2000 locations in the US.  NOI $699K/yr. $8.1M.  8.69% cap.  Buyer to assume $6+M loan at low 5.1% interest. 
3. Short-sale Medical Office Building in Gold Canyon, AZ: 6064 SF 2-yrs old class-A medical building in upper middle-class Phoenix suburbs.  100% NNN leased to 2 medical tenants.  NOI $125K/yr. $1.3M. 9.62% cap.
4. Retail Center in Oakland, CA: 17,760 SF single-tenant retail center on 1.08 acres lot.  20 yrs NNN corp lease with 17 yrs remaining to Famsa with over 400 locations in US & Mexico and S&P rating of B.  NOI $315K/yr with 12% rent bump every 5 yrs.  $4.09M. 7.7% cap. 
5. Medical Office building in Sacramento, CA: 24,708 SF 3-story medical office building on campus of Methodist Medical Center and 2 blocks from Kaiser Permanente. 100% leased.  NOI $430K/yr. $5.8M. 7.42% cap. 
6. Medical Office Building in Boca Raton, FL: 26,241 SF 4-story medical office building on 1.77 acres lot next to 400-bed Boca Raton Regional Hospital in a very wealthy Miami metro (AHI $119K/yr within 3 miles).  90% occupied.  NOI $382K/yr. $4.4M. 8.5% cap. 
7. Office Building in South Jordan, UT: 8940 SF single-tenant office building in an affluent city in Salt Lake City metro (AHI 4110K/yr within 1 mile).  100% NNN lease with 7 yrs remaining.  NOI $117K/yr. $1.3M. 9% cap. 
8. Retail Center in Marietta, GA: 16,000 SF retail center on 1.69 acres parcel in Atlanta metro.  90% leased.  NOI $152K/yr. $1.8M. 8.85% cap. 
9. Strip Center in Mahwah, NJ: 7554 SF retail center in an affluent New York suburbs (AHI $126K/yr).  NOI $199K/yr. $2.499M. 8% cap.

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