09-12: DaVita Dialysis, Office Buildings, Medical Office Buildings

1. DaVita in Apopka, FL: 8586 SF dialysis center built in 2006 on 1.17 ac lot in Orlando suburbs. 100% NNN leased with 9 yrs left. NOI $245K/yr with CPI rent bumps every 3 yrs. $2.975M. 8.25% cap.
2. Retail Center in San Antonio, TX: 11,960 SF retail center built in 2007 on 1+ ac corner lot  in growing and upper middle class area. 100% leased. NOI $169K/yr. $2.25M. 7.42% cap.
3. MOB in Westerville, OH: 41,093 SF Class B three-story medical office building on 3.8 acres of land in high income (AHI $101K/yr) Columbus suburbs. Close to Polaris Fashion Mall and I-71. 100% leased. NOI $660K/yr. $7.9M.  8.36% cap.
4. Shopping Center in Eustis, FL: 15,100 SF inline center on 1.55 ac lot in Orlando suburbs. Shadow anchored by Kohl’s and anchored by 9,500 SF Dollar Tree, Hibbett Sports and Firehouse Subs. Across from Publix anchored center. 100% leased. NOI $200K/yr. $2.505M. 8% cap.
5. Retail Center in Elk Grove, CA: 14,636 SF retail center built in 2007 on 2 ac lot adjacent to Target, Michaels, Petco and OSH anchored center in well off Sacramento suburbs. 91% NNN leased to 8 tenants with 1 avail unit. NOI $226K/yr. $2.6M. 8.71% cap.
6. Office Building Arlington, TX: 19,957 SF well maintained office building constructed in 1998 on 2+ ac corner location in growing and high income area. 84% NNN leased. NOI $279K/yr. $2.65M. 10.03% cap.
7. Strip Center in Seattle, WA: 12,270 SF eight units strip center on .30 ac lot along main retail corridor just minutes from Downtown. 100% NNN leased. NOI $160K/yr. $2M. 8.03% cap.
8. Office Building in Mason, IN: 41,386 SF Class-A office building constructed in 2000 on 4.70 ac lot in growing and prosperous (AHI $107K/yr) Cincinnati suburbs. 100% NNN leased to 2 tenants: Cintas (NASDAQ: CTAS, S&P Rated: BBB+) occupies 84% of building with its IT Department and Summer Hill Investments.. Across from Cintas International Headquarters and near I-71. NOI $416K/yr. $4.4M. 9.47% cap.
9. MOB in South Milwaukee, WI: 7340 SF well maintained single-tenant medical office building constructed in 1993 on .24 ac lot located in the middle of Downtown and close to many attractions. 100% leased with 14 yrs left. NOI $95K/yr with rent increases. $1.195M. 8% cap.

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