Monday, February 4, 2013

01-21: Office Building, MOB, Golden Corral, Retail Centers



  1. Office Building in Calabasas, CA: 46,884 SF two-story Class B office building constructed in 1997 on 1.59 ac lot in prosperous (AHI $166K/yr in 3 mile) Los Angeles suburbs. Close to Hyw-101. 100% leased to 4 tenants. NOI $1.03M/yr. $11M. 9.30% cap.
  2. Shopping Center in Oakland, CA: 70,814 SF consisting of four retail buildings anchored by Pak ‘n Save Grocery (owned by Safeway). Across from Oakland Coliseum, near Oakland International Airport and I-880. 83% leased.  Proforma NOI $1.187M/yr. $16.85M. 7% proforma cap.
  3. Retail Center in Mentor, OH: 29,993 SF retail center built in 2001 on 2.40 ac lot in high income Cleveland suburbs. Across from Great Lakes Mall. 100% NNN leased to Starbucks, Verizon Wireless, Plato’s Closet, Mattress Matters, Kaiser Permanente, Hudec Dental and Men’s Warehouse. NOI $562K/yr. $6.478M. 8.50% cap.
  4. Office Business Park in Broomfield, CO: 15,301 SF two story Class B office building remodeled in 2012 on 1+ ac lot at main retail corridor in high income Denver metro. 81% leased. Proforma NOI $201K/yr. $2.2M. 9% proforma cap.
  5. Strip Center in Pomona, CA: 34,497 SF established shopping center built in 1990 on 2.41 acres corner lot in high income city in Los Angeles. Excellent visibility with all units facing the main road and easy access to Hwy-71/60. NOI $700K/yr. $9.25M. 7.60% cap.
  6. MOB in Charlotte, NC: 13,407 SF Class A medical office building in affluent area with an affluent area with AHI of $114K/yr in 3 mile. Close to 425,408 SF Park Road Shopping Center. 90% leased to 4 medical tenants. NOI $168K/yr. $1.95M. 8.60% cap.
  7. Golden Corral in Knoxville, TN: 10,411 SF buffet restaurant on prime corner location outparcel to Lowe’s and across from Target and The Home Depot. New 15-yrs NNN lease to strong operator. NOI $285K/yr with 10% rent bumps every 5 yrs. $3.8M. 7.5% cap.
  8. Retail Center in Orlando, FL: 12,562 SF retail center on 1.65 ac lot along one of the world’s largest tourist strips. Close to Universal Studios, Festival Bay Mall and I-4. 100% NNN leased. NOI $502K/yr. $5.765M. 8.71% cap.

© Transmercial 2013
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