1. Medical Office Building in El Paso, TX: 7500 SF brand new class-A single-tenant medical office building in a high-growth (160% since 2000) high income part of El Paso. 15 yrs NNN lease to Fortune 500 medical group. NOI $161K/yr with 8% rent bump every 5 yrs. $2.15M. 7.5% cap.
2. IHOP in Bend, OR: 5132 SF restaurant on .69 ac hard corner lot across from Bend River Promenade Mall with Macy's, Kohl's, TJ Maxx, and Sear. 25 yrs absolute NNN corp lease with 8+ yrs remaining. NOI $151K/yr with 12% rent bump every 5 yrs.$2.1M. 7.2% cap.
3. Medical Office Building in Ceres, CA: 10,840 SF medical office building constructed in 1999 on 1.59 acres lot in fast growing Modesto metro. 92% NNN leased to Stanislaus County Health Services on a 15 yrs lease with 3 yrs remaining. Tenant will consider early option to renew lease till 2024. NOI $207K/yr. $2.3M. 9% cap.
4. Office Tower in Houston, TX: 121,997 SF 6-story high image office building on 3 acres lot with easy access to Hwy 59. Recently under gone significant capital improvement. 89% leased. Actual NOI $762K/yr. $8.5M. 8.97% cap. Less than $70/SF!
5. Strip Center in Belvidere, IL: 12,000 SF mature strip center on .79 acre lot in Rockford metro. 100% leased to 11 tenants. NOI $68K/yr. $799K. 8.5% cap.
6. Shopping Village in West Jordan, UT: 101,574 SF shopping village on 10.3 acres at the corner of 2 major arteries in a growing middle-class area in Salt Lake City. Across from a shopping center anchored by Target, Office Depot and Petco. NOI $763K/yr (not clear actual or pro forma). $8.978M. 8.5% cap. Just $88/SF.
7. Shopping Plaza in Salt Lake City, UT: 40,932 SF mature shopping plaza built in 1986 on 2.26 ac lot in middle class area. 97% lease. NOI $276K/yr. $3.25M. 8.5% cap.
8. Shopping Center in Bristol, CT: 42,951 SF shopping center on 3.5 acres lot in business district Hartford metro. 92% leased to CVS, Family Dollar, Subway, Armed Forces and Bank. NOI $510K/yr. $5.9M. 8.65% cap.
© Transmercial 2011.
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