Monday, April 8, 2013

03-25: Office Buildings, REO'ed Office Building, Shopping Center



  1. MOB in Hurst, TX: 33,000 SF class-A medical office building in high-income Dallas suburbs. Across from Super Walmart.  Major Tenants include Specialty Surgery Center, Touchstone Imaging, Lone Star Bariatrics, and Family Sleep Diagnostics.  NOI $425K/yr. $5M. 8.5% cap.
  2. Office Building in Bountiful, UT: 34,022 SF Class-B office building built in 2000 on 2+ ac lot in growing and high income Salt Lake City suburbs. Next to I-15. 97% leased. NOI $253K/yr. $2.821M. 9% cap.
  3. Shopping Center in Westborough, MA: 56,681 SF attractive shopping/office center along main corridor in affluent (AHI $154K/yr in 3 mile) Boston metro. 78% leased. NOI $484K/yr. $5.5M. 8.81% cap. Upside potential when fully leased.
  4. Retail Center in Colorado Springs, CO: 13,507 SF recently renovated retail center on 1.33 ac lot along major retail corridor.  100% leased to strong tenants. NOI $134K/yr. $1.595M. 8.43% cap.
  5. Office Buildings in Riverside, CA: 90,154 SF consisting of two Class-A office buildings completed in 2003/2004 on nearly 5 ac lot in Southern California.  Next to Hwy-91. 90% leased. NOI $1.322M/yr. Price/Cap not disclosed.

  1. Burger King in Hixson, TN: 2607 SF Burger King built in 2008.  100% absolute NNN lease to an operator with 18 units.  NOI $115K/yr with 10% annual rent bumps very 5 yrs.  $1.643M. 7% cap.
  2. Office Building in Tampa, FL: 32,000 SF consisting of three recently remodeled office buildings at a major intersection in a high income (AHI $97K/yr within 1mile) area.  Near Walmart Supercenter and Target centers.  100% leased to 15 tenants. NOI $297K/yr. $3.6M. 10% cap.
  3. Shopping Center in Oshkosh, WI: 32,858 SF attractive shopping center built in 2005 on 5+ ac outparcel to Walmart Supercenter.  Close to 172-bed Mercy Medical Center and Hwy-41. 93% leased. NOI $346K/yr. $3.3M. 10.49% cap.
  4. Retail Center in Lake Oswego, OR: 16,483 SF well maintained strip center in prosperous (AHI $118K/yr within 1-mile) Portland suburbs. Near I-5. 81% NNN leased. NOI $271K/yr. $3.75M. 7.25% Cap. Upside potential.
  5. REO’ed Office Building in Kissimmee, FL: 20,543 SF bank-owned office building on 1 ac lot near Osceola Regional Medical Center. NOI $119K/yr. $1.495M. 8% cap.

© Transmercial 2013
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)