04-30: Merlin Muffler, MOB, Shopping Centers, Office Buildings

1. Shopping Center in Palmdale, CA: 49,215 SF attractive shopping center built in 2006 on 3+ ac lot in fast growing city in Los Angeles. Across from Palmdale Regional Medical Center and close to Hwy-14.  100% NNN leased. NOI $744K/yr. $7.999M. 9.31% cap.
2. Retail Center in West Hills, CA: well maintained retail center on .28 ac lot in affluent neighborhood in Los Angeles suburbs with an AHI of $155K/yr within 1 mile. $1.5M.
3. Retail Building in West Melbourne, FL: 8322 SF retail building constructed in 1998 on .95 ac lot along major retail corridor. Across from Melbourne Square Mall. 75% NNN leased to Tires Plus. NOI $131K/yr. $1.647M. 8% cap. Upside potential when fully leased.
4. MOB in Bradenton, FL: 18,252 SF Class-A medical office building built in 2004 on 1.69 ac lot in growing medical corridor in Tampa metro.  NNN leased to established tenants. $4.5M. NOI/Cap not provided.
5. Strip Center in Palm Springs, CA: 10,555 SF strip center built in 1988 in high income area. 100% occupied.  NOI $102K/yr. $1.415M. 7.25% cap.
6. Shopping Center in Carol Stream, IL: 52,100 SF shopping center on 5.70 acres lot at a hard corner location in growing and prosperous Chicago suburbs (AHI of $112K/yr within 3 mile radius.) anchored by a grocery store.  100% leased to solid tenants. NOI $549K/yr. $6.1M. 9% cap.
7. Merlin Muffler in Glendale Heights, IL: 3869 SF auto repair center on .52 ac lot at a hard corner location in high income Chicago suburbs. Across from Menards grocery center. Tenant has been at this location since 1999. 100% NNN corp lease with 7 yrs left. NOI $71K/yr with a 10% rent bump in 2015. $845K. 8.50% cap.
8. MOB in Charleston, SC: 12,000 SF attractive multi-tenant medical office building completed in 2008 on 2+ ac lot. Close to 204-bed Bon Secours St Francis Hospital, Citadel Mall and I-526. Leased to three tenants. NOI $298K/yr. $3.395M. 8.80% cap.
9. Shopping Center in Fresno, CA: 29,000 SF attractive shopping center on 2+ ac lot at a hard corner location. Shadow-anchored by Vallarta Supermarket, a regional tenant with 27 locations in CA.  Near Hwy-168. 95% NNN leased. Price/NOI/Cap not disclosed.
10. Office Building in South Ogden, UT: 17,512 SF Class-B office building constructed in 1993 on 2+ ac lot in Salt Lake suburbs. 100% leased to Ogden Clinic. NOI $228K/yr. $3.268M. 7% cap.

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