09-08: Petsmart, Professional Center, Medical Office Building, Shopping Centers

1. Shopping Center in Liberty Township, OH: 57,951 SF beautiful shopping center built in 2006 on 5.50 ac lot anchored by Kroger.   Next to Children’s Hospital and I-75 in growing & affluent (AHI $115K/yr) Cincinnati metro. 99% NNN leased. NOI $804K/yr. $10.4M. 7.74% Cap.  
2. Shopping Center in Lawrence, KS: 69,786 SF shopping center on 4.88 ac lot renovated in 2006. Close  to University of Kansas and Kansas University Memorial Stadium in Kansas City suburbs. 100% NNN leased to 10-tenants. NOI $577K/yr. $6.42M. 9% Cap.  
3. Shopping Center in Matteson, IL: 61,437 SF well-maintained shopping center on 6.27 ac lot near I-57 and Lincoln Mall in middle-class Chicago metro. Anchored by DaVita Dialysis . 96% NNN leased. NOI $925K/yr. $9.2M. 10.06% Cap.  
4. Petsmart in Bakersfield, CA: 34,879 SF retail building  on 3.35 ac lot close to East Hills Mall and Fwy-178. 100% Absolute NNN lease. NOI $410K/yr. $5.467M. 7.5% Cap.  
5. Shopping Center in Los Angeles, CA: 13,050 SF two-story shopping center at a signalized corner location near I-710. Newly replaced roof/painted.  83% leased. NOI $224K/yr. $2.495M. 9% Cap. Buyer to assume $1.73M.  
6. Shopping Center in Ballwin, MO: 70,325 SF shopping center built in 1997 in affluent (AHI $119K/yr in 1 mile) St Louis suburbs.  Anchored by DSW Shoe Warehouse, Planet Fitness and Family Dollar Store.  Across from The Home Depot & Walmart anchored center. 100% leased. NOI $672K/yr. $6.9M. 9.75% Cap.  
7. Retail Center in Maplewood, MN: 16,582 SF attractive retail center with good tenant mix: Chipotle, Sprint, Fed/Ex Kinko’s and Firehouse Subs. Close to The Home Depot and next to busy boulevard in St Paul metro.  91% NNN leased. NOI $260K/yr. $3.35M. 7.78% Cap. Upside Potential!
8. Professional Center in Oregon City, OR: 37,974 SF Class-B multi-tenant center in growing community. 82% leased by a variety of medical, legal and professional tenants. NOI $420K/yr. $5M. 8.41% Cap.  
9. Medical Office in Winter Spring, FL: 6000 SF Class-A multi-tenant medical office built in 2004 in Orlando metro. 100% NNN leased. NOI $128K/yr. $1.6M. 8% Cap.

© Transmercial 2011.