10-31: Sweet Tomatoes, MOB, Office Buildings, Shopping Centers

1. Sweet Tomatoes in Jacksonville, FL: 7519 SF all-you-care-to-eat dining restaurant on 1.28 ac lot across from Regency Square Mall with 100+ stores. 20 yrs absolute NNN lease with 6 yrs left. NOI $184K/yr with CPI rent bumps every 5 yrs. $1.935M. 9.56% cap.
2. Shopping Center in Sunrise, FL: 33,687 SF well maintained shopping center on 4.37 ac lot west of Fort Lauderdale. 80% leased to 8 tenants with 1 vacant unit.  NOI $291K/yr. $3.6M. 8.10% cap. Upside potential when 100% leased.
3. MOB in Scottsdale, AZ: 6918 SF Class-B medical office building close to Scottsdale Osborn Hospital. 100% leased 3 doctors and 2 professional offices. NOI $93K/yr. $1.2M. 7.75% cap.
4. Retail Center in Forney, TX: 22,063 SF eye-catching retail center completed in 2006 on 3+ ac outparcel to Walmart and Lowe’s in fast growing & high income Dallas/Fort Worth suburbs. Along Hwy-80 with 63,000 cpd. 100% NNN leased to 10 tenants. NOI $282K/yr. $3.527M. 8% cap.
5. Office Park in Santa Rosa, CA: 38,507 SF Class-A office park on 4+ ac lot in a growing city North of San Francisco. Adjacent to Finley Community Park, a 22-acre state of the art facility providing picnic areas, volleyball, tennis, basketball courts, swim center, and other recreational activities. Pro forma NOI $532K/yr. $5.77M. 9.22% cap.
6. Office Building in Tempe, AZ: 8120 SF Class-A office building constructed in 1998 on .82 ac lot in a growing middle-class city. Across from Temple Mall and near McLane Children’s Hospital and Scott & White Memorial Hospital. 100% NNN leased to multiple tenants. NOI $84K/yr. $991K. 8.50% cap.
7. Retail Building in Grand Prairie, TX: 47,042 SF well maintained retail building on nearly 4 ac lot in growing Fort Worth/Dallas suburbs. 100% leased to two national tenants: dd’s Discounts (a subsidiary of Ross Dress for Less) and ALCO Stores. NOI $313K/yr.$3.9M. 8.03% cap.
8. Retail Center in Graham, WA: 14,161 SF attractive retail center built in 2009 on 1.54 ac lot in growing and high income Tacoma suburbs. Nationally recognized tenants including: Starbucks, Subway, H&R Block, Verizon Wireless, and Papa Murphy's. NOI $304K/yr. $4.295M. 7.08% cap.
9. Office Building in Renton, WA: 3446 SF Class-B office building in Seattle suburbs. Close to I-405. 100% leased with established medical & dental practices. NOI $58K/yr. $800K. 7.34% cap.
10. Retail Center in Santa Rosa, CA: 11,878 SF retail center built in 1999 on nearly 1 ac lot North of San Francisco. Across from Raley’s Market and Ace Hardware center. 100% leased with good tenants mix. NOI $264K/yr. $4.45M. 5.95% cap.

            (c) Transmercial 2013