12-13: Tuffy Auto Service Center, DaVita, AAA Public Storage, Shopping Centers

Transmercial is pleased to announce a new member in its staff.  John Hernandez has been a real estate broker since 2002 and will join Transmercial as an investment advisor.  He has over 22 years of experience in over a dozen different industries specializing in both personal and corporate accounting and finance.  John received a B.S. degree in Finance from Arizona State University in 1988 and MBA degree from Santa Clara University in 1992.

John strives to meet the challenging needs of his customers, with the fastest most reliable service possible.  He pledges to serve the interests of his customers first, with professionalism and respect for all.

1. Tuffy Auto Service Center in Jacksonville, FL: 4980 SF auto center built in 2007 on 2 ac lot outparcel to Publix anchored center. In growing and high income (AHI $107K/yr within 1 mile) area. Ranked in the top 10 store sales. 100% absolute NNN corp lease with 15 yrs left. NOI $169K/yr with 8.75% with 8.75% rent increases every 5 yrs. $2.185M. 7.75% cap.
2. Retail Center in Orlando, FL: 10,165 SF retail center built in 2005 on 1.25 ac outparcel to a 24-Hour Wal-Mart and across from 225-Bed Florida Hospital East Orlando. 100% NNN leased. Tenants include: T-Mobile, Ideal Dental, Mayflower, Sue Dominican Hair, Italian Village Pizza and Vtek Nails. NOI $316K/yr. $4.2M. 7.53% cap. Buyer to assume non-recourse $2.025M loan at 6.43% interest rate.
3. DaVita in Gary, IN: 13,125 SF well maintained dialysis center built in 1992 at main thoroughfare in Chicago metro. 10 yrs NNN- corp lease. NOI $249K/yr. $3.028M. 8.25% cap.
4. Shopping Center in Cincinnati, OH: 89,008 SF shopping center on 8.88 ac corner lot in affluent (AHI $120K/yr) area & near I-75. Consisting of 79,500 SF center anchored by recently expanded Asian Market, Jo-Ann Fabric and Aldi & three other buildings currently occupied by Firestone, H&R Block and La Petite France. 89% NNN leased. NOI $548K/yr. $6.45M. 8.50% cap. Upside potential.
5. Retail Center in Dickinson, TX: 16,524 SF attractive retail center built in 2006 on 1.52 ac lot at main corridor in fast growing Houston metro. Tenants include. Goodwill, Los Ramirez Mexican Restaurant, and Well Now Health (St. Elizabeth Urgent Care). 100% NNN leased. NOI $243K/yr. $2.81M. 8.66% cap.
6. Strip Center in Downers Grove, IL: 15,653 SF attractive eleven units strip center on 1.69 ac lot in high income area in Chicago suburbs. 100% NNN leased to solid tenants. NOI $275K/yr. $2.99M. 9.20% cap.
7. AAA Public Storage in Plano, TX: 44,000 SF 391-unit mini storage facility built in 2005 on 2 ac lot in growing and high income Dallas suburbs . 80% occupied. NOI $195K/yr. $2.795M. 7% cap.
8. Shopping Center in Keizer, OR: 61,838 SF shopping center on 5.34 ac lot at a hard corner in a stable Salem metro. Anchored by 31,472 SF Rite Aid.  Shadow anchored by Albertsons Grocery. 92% NNN eased.  NOI $538K/yr. $6.75M. 7.98% cap.

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