Monday, December 2, 2013

11-18: MOB, Retail Centers, Shopping Centers



  1. Shopping Center in Orlando, FL: 49,200 SF beautiful shopping center built in 2008 on 5+ acres of land along major retail corridor.  Anchored by HH Gregg appliances and shadow-anchored by Wal-Mart and Sam’s Club. Close to West Oaks Mall. 89% leased. NOI $750K/yr. $9.384M. 8% cap.
  2. Strip Center in Deer Park, TX: 8,420 SF attractive strip center in fast growing and high income Houston suburbs. NNN leased to credit tenants. NOI $185K/yr. $2.8M. 6.60% cap.
  3. Retail Center in Hesperia, CA: 21,640 SF retail center built in 2007 on 1.32 ac corner lot in San Bernardino County. Close to Desert Valley Medical Center, Mall of Victor Valley and I-15. 100% leased. NOI $210K/yr. $3M. 7% cap.
  4. MOB in Joliet, IL: 18,435 SF Class-B medical office building close to 480-bed Provena Saint Joseph Medical Center in Chicago metro. Good mix of medical/office tenants, including Quest Diagnostics, Midwest Rehabilitation, Interim Healthcare, March of Dimes and many more. 76% leased. NOI $129K/yr. $1.25M. 10.32% cap. .
  5. MOB in Joliet, IL: 29,315 SF Class-B medical office building close to 480-bed Provena Saint Joseph Medical Center in Chicago metro. 99% leased. NOI $311K/yr. $3.1M. 10.05% cap.
  6. Strip Center in Dallas, TX: 13,300 SF attractive strip center built in 2006 on 3 ac lot in high income area with an AHI of $85K/yr in 5 mile radius. All units face main thoroughfare. Close to I-35E. 100% leased. NOI $210K/yr. $3M. 7% cap.
  7. Strip Center in Shorewood, IL: 6600 SF strip center in a growing (36.92% pop growth since 2000) and affluent (AHI $105K/yr) Chicogo suburbs. Shadow anchored by CVS pharmacy and across from Walgreens. 90% leased with only 1 vacancy. Actual NOI $97K/yr. $1.175M. 8.29% cap. Upside potential when fully leased.

            (c) Transmercial 2013

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