09-11: MOB's, Drivers Auto Repair, DaVita, Office Building

1. MOB in Gary, IN: 37,719 SF well maintained brick medical office building on 4.45 ac lot at a hard corner location in Chicago suburbs. Close to I-80/94. Major tenants include: Rehab Med Center, PSI Family Service, Cardiovascular Clinic and Quest Diagnostics.  NOI $259K/yr. $2.801M. 9.25% cap.
2. MOB in Jacksonville, FL: 14,857 SF state-of-the-art Imaging Center and Therapy Center on 1.83 ac lot visible and next to I-94. Close to Memorial Hospital of Jacksonville. 90% leased. NOI $111K/yr. $1.15M. 9.68% cap.
3. Shopping Center in Miami, FL: 20,706 SF well kept shopping center on 1.86 ac lot at a busy corner location. Along Hwy-1/5. Close to Southland Mall. NOI $208K/yr. $2.6M. 8% cap.
4. Drivers’ Auto Repair in Houston, TX: 5905 SF newly constructed auto repair center on .68 as lot in a fast growing and high income area with an AHI of $95K/yr in 1 mile. 20 yrs NNN lease with 15+ yrs left. NOI $162K/yr with 1.5% annual rent increases. $2.24M. 7.25% cap.
5. Office Building in Southfield, MI: 80,194 SF attractive office building completed in 1999 on 4.40 ac lot in upper middle-class Detroit suburbs. Conveniently located between I-696 and Hwy-10. 86% leased to multiple tenants. NOI $355K/yr. $11.7M. 9.40% cap.
6. DaVita in Richmond, VA: 15,328 SF Class-A kidney dialysis center built in 2011. 100% NNN corp lease with 12+ yrs left. NOI $241K/yr with 2% annual rent increases. $3.717M. 6.50% cap.
7. Retail Center in Everett, WA: 13,923 SF attractive retail center built in 1994 on 1.28 ac lot with good ingress/egress in fast growing Seattle suburbs. Near I-5. 92% leased. NOI $210K/yr. $2.8M. 7.51% cap.
8. Office Building in Boise, ID: 9179 SF Class-A office building constructed in 2008  on 1.50 ac lot in a growing (112.17% pop growth since 2000) and high income (AHI $99K/yr) area. Along major retail corridor. NOI $144K/yr. $1.8M. 8% cap.
9. Shopping Center in Marietta, GA: 76,513 SF well maintained shopping center on over 6 ac lot at a hard corner location in fast growing Atlanta metro. Between Southern Polytechnic State University and I-75. 92% NNN leased. NOI $529K/yr. $5.88M. 9% cap.
10. MOB in Atlanta, GA: 5820 SF medical office building on .33 ac lot. Close to Downtown and I-85/75. New 10 yrs absolute NNN lease to a medical wellness and cosmetic surgery tenant. NOI $120K/yr. $1.5M. 8% cap.

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