Monday, December 2, 2013

11-15: Strip mall, Surgery center, Walgreens


  1. Strip mall in El Centro, CA: 4995 SF 2-tenant strip mall on an outparcel to Food 4 Less and Dollar Tree anchored shopping center in a high growth area. 100% leased.  NOI $70K/yr. $850K. 8.25% cap.
  2. Office Building in Wilton Manors, FL: 17,231 SF office building in high income Fort Lauderdale metro. 100% leased to medical and legal tenants.  NOI $189K/yr.  $1.89M. 10% cap.
  3. Shopping Center in Riverside, CA: 12,226 SF shopping center built in 2008 on 1.29 ac corner lot in high income area with AHI of $112K/yr in 1 mile.  100% NNN leased to 9 tenants.  NOI $329K/yr. $3.7M. 6.58% cap.
  4. Medical Office Building in Arlington, TX: 10,500 SF single-tenant medical office building on 3/4 ac lot 1 block from the University of TX Arlington.  100% leased to JPS Health Network.  NOI $152K/yr. $1.95M. 7.81% cap.  
  5. Surgery Center in New Albany, IN: 10,000 SF surgery center completed in 1993 on .97 lot near Floyd Memorial Hospital.  100% leased to Symbion/Universal Health Care.  Tenant has been here for 20 yrs and recently renewed lease for 5 yrs.  NOI $168K/yr. $2.1M. 8% cap.
  6. Shopping Center in Yuba City, CA: 123,283 SF shopping center on 6.76 ac lot in a city just North of Sacramento.  Anchored by Dollar Tree and Riebe's Auto Parts with 20 locations in Northern CA.  100% leased.  NOI $707K/yr. $9.4M. 7.53% cap. 
  7. Walgreens in Richmond, VA: 13,905 SF drug store builti 1998 on a hard corner middle class area.  20 yrs NNN- with 5 yrs left.  NOI $315K/yr. $4.2M. 7.5% cap.


(c) Transmercial 2013

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