Friday, November 16, 2012

11-02: HealthOne, Autozone, Office building, Retail Center



  1. HealthOne MOB in Houston, TX: 10,080 SF single-tenant class-A Level-III 24-hr Emergency Center built in 2011 on 1.31 acres lot in the fast growing NE Houston.  100% NNN- lease till 2012 to HealthOne as a remote ER for the 267 bed, acute care Kingwood Medical Center operated by Hospital Corporation of America (HCA).  NOI $259K/yr with 2% annual rent bumps.  $3.7M. 7% cap.  
  2. Autozone in Rohnert Park, CA:  7990 SF single-tenant retail condo as part of a shopping center shadow anchored by a grocery outlet and 24-Hr Fitness North of San Francisco.  Easy access to hwy 101. 100% NNN corp lease till 2019.  NOI $138K/yr with 10% rent bump in each 5-yr options.  $2.05M. 6.73% cap.  
  3. Office Building in Lynnwood, WA: 29,571 SF 2-building office complex consists of 26,571 SF multi-tenant building and 3000 SF free-standing bank in Seattle metro. 85% leased.  NOI $340K/yr. $4.2M. 8.1% cap.  
  4. Strip Mall in Las Vegas, NV: 6970 SF 4-tenant retail center built in 2006 in high income area.  100% leased to 4 tenants.  NOI $156K/yr. $1.956M. 8% cap.


© Transmercial 2012

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