Client’s Testimonial:
Transmercial has been providing one-stop services for our commercial real estate investment. David Tran not only provided us with valuable market information but also worked with us diligently to analyze and negotiate property deals. David has lots of in-depth knowledge of commercial real estate, as reflected by his work with us as well as his on-line articles. He is highly professional, giving his advisory thoughts and never pushing us in the purchase processes. He also paid attention to details. One time, we signed a purchase contract and were going to complete the deal. He went through the due diligence package and found a loop hole which could potentially cost us a fortune. He then advised us not to purchase the property. We're very impressed by his expertise, diligence, and professionalism. We highly recommend Transmercial to anyone who plans to purchase commercial real estate properties.
Nadine D. (posted on yelp.com, and used with permission from Nadine)
1. AutoZone in North Highland, CA: 6600 SF auto parts store built in 1998 on .53 ac outparcel. In front of a shopping center anchored by DD’s Discounts, Big Lots!, Big 5 Sport, Anna’s Linens, City Trend and Dollar Tree in Sacramento metro. 100% NNN ground lease (land is for sale with tenant owns the building) till 2018. NOI $125K/yr. with 10% rent bump in each 5 yrs option. $2M. 6.25% cap.
2. BD’s Mongolian Grill in Grand Rapids, MI: 5727 SF BD Mongolian franchised restaurant on .96 ac lot on the busy 28-th street in high-income area. Tenant has been here since 1998. 100% NNN lease with 7 yrs remaining. NOI $115K/yr. $1.275M. 9% cap.
3. Apartments in Oakland, CA: 21-unit apartments on .98 ac lot in high income area next to Highland Hospital. 100% occupied. NOI $138K/yr. $1.695M. 8% cap.
4. Rite Aid in Roseville, CA: 17,700 SF drug store on 2 acres lot in middle-class Sacramento metro. 100% NNN lease till 2023 with no landlord responsibilities. NOI $477K/yr with 10% rent bump every 5 yrs. Price reduced to $5.781M. 8.25% cap.
5. Lone Star Steakhouse in Trussville, AL: 5177 SF franchised steakhouse on 1.7 acres lot next to I-59 exit in middle class Birmingham suburbs. New 15 yrs NNN lease. NOI $134K/yr with 2% annual rent bump. $1.348M. 10% cap.
6. Goodyear Auto in Kissimmee, FL: 6840 SF auto service center on 1 acre lot in growing and high income Orlando suburbs. 15 yrs lease. NOI $151K/yr. Price reduced to $1.89M. 8.06% cap.
© Transmercial 2011.
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