08-20: Oil Changers, Office Buildings, MOB, Strip Centers, Retail Centers

1. Retail Center in Tampa, FL: 12,655 SF attractive retail center built in 1997 on 1.32 ac lot at a hard corner location and in high income area. Across from Target and Publix. 100% NNN leased to mostly national tenants. NOI $231K/yr. $3.225M. 7.19% cap.
2. Medical Office Building in Palm Harbor, FL: 26,070 SF well maintained 3-story medical office building completed in 1993 on 1.43 ac lot. 100% leased by All Children’s Outpatient Center, a clinical facility that provides pediatric rehabilitation services. NOI $537K/yr. $5.65M. 9.51% cap.
3. Retail Center in Cameron Park, CA: 10,437 SF retail center built in 2005 on 1.54 ac outparcel to Food 4 Less in fast growing and high income (AHI $92K/yr) Sacramento suburbs. Along Hwy-50.  86% NNN leased to 4 tenants. Pro forma NOI $238K/yr. $2.925M. 8.15% pro forma cap. Buyer to assume $2.226M loan at 6.12% interest rate.
4. Oil Changers in Oakland, CA: 2262 SF well maintained Oil Changers at a signalized corner location. Next to and visible from I-980.  100% absolute NNN corp lease with 10 yrs left.  NOI $60K/yr with rent increases every 3 yrs. $1.06M. 5.75% cap.
5. Strip Center in Clermont, FL: 7915 SF attractive strip center on .93 ac outparcel to Lowe’s at a major retail artery. Across from Home Depot center and close to South Lake Hospital. 100% NNN leased to three tenants. NOI $207K/yr. $2.55M. 8.12% cap.
6. Office Building in Madison, WI: 31,500 SF Class-B office building completed in 1995 on nearly 2 ac lot in upper middle-class area. Close to Hwy-12/14. 97% leased to local & regional credit tenants. NOI $231K/yr. $3.3M. 7.15% cap.
7. MOB in Baldwin Park, CA: 5743 SF Class-B medical office building in densely populated Los Angeles area. NOI $100K/yr. $1.25M. 7.80% cap.
8. MOB in Las Vegas, NV: 19,394 SF Class B medical office building at a hard corner location and in high income area. Across from Albertson’s & CVS center. Close to Mountain View Hospital and Hwy-95. 85% leased to multiple tenants. NOI $198K/yr. $2.72M. 7.28% cap.
9. Strip Center in Broadview, IL: 5560 SF strip center at a hard corner location in Chicago metro. Across from Target &Home Depot center. 100% leased to Starbucks, Advance America, Pizza Hut and T-Mobile. NOI $155K/yr. Price/Cap not disclosed.
10. MOB in Lakeland, FL: 12,000 SF Class-A medical office building on 1.40 ac lot in high income Tampa suburbs with an AHI of $100K/yr in 1 mile. 71% NNN leased to multiple tenants. NOI $231K/yr. $2.65M. 8.75% cap. 

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