Thursday, May 2, 2013

04-19: MOB, Apartments, Neighborhood Center, Inline Center



  1. Retail Center in Orland Park, IL: 12,085 SF retail center built in 2007 on 1.49 ac corner lot in high income (AHI $106K/yr in 3 mile) Chicago suburbs. 85% NNN leased to Thai Fried Rice, Great Clips, Anytime Fitness and Heartland Dental. Current NOI $158K/yr. $1.946M. 8.14% actual cap. Upside potential.
  2. Apartments in Fresno, CA: 34-units multifamily apartment complex on 1.23 ac lot in fast growing area. Close to parks, schools, shopping centers, restaurant and public transportation. 98% occupied. NOI $156K/yr. $2.153M. 7.30% cap.
  3. Inline Retail Center in Westerville, OH: 15,219 SF attractive retail center in affluent Columbus suburbs with an AHI of $125K/yr in 1 mile radius. Part of 200,000 SF regional center anchored by Kroger Supermarkets and Home Depot. 76% leased. NOI $147K/yr. $1.5M. 9.84% cap.
  4. Apartments in Houston, TX: 46-unit apartment complex on nearly 1 ac lot in high income (AHI $95K/yr in 3 mile) area. 100% occupied. NOI $155K/yr. $1.42M. 9.10% cap.
  5. MOB in Albuquerque, NM: 13,206 SF Class-B medical office building fully renovated in 2005. Across from Presbyterian Kaseman Hospital. Close to Winrock Mall and I-40. 100% leased with mostly medical tenants. NOI $161K/yr. $2M. 8.05% cap.
  6. Community Center in Stockbridge, GA: 162,778 SF well maintained neighborhood center on nearly 20 acres of land in growing Atlanta metro. National/regional tenants include: Goodwill Industries, Northern Tool & Equipment, Fred's, Citi Trends Fashion, Cato & Farmer's Home Furniture Adjacent to I-675. 89% leased. NOI $900K/yr. $10M. 9% cap.
  7. MOB in Houston, TX: 21,600 SF Class-B seven units medical office complex built in 2006 on 2.77 ac lot in fast growing area. 77% leased to a diverse mix of medical tenants including Texas Children’s Pediatrics, Total Woman Healthcare, and ABC Dental. NOI $239K/yr. $2.95M. 8.12% cap.

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