Thursday, January 2, 2014

12-13: MOB, Shopping Centers, Strip Centers, Retail Centers




  1. Shopping Center in Cherry Hill, NJ: 59,593 SF attractive shopping center on 7+ ac lot along major artery in high income (AHI of $114K/yr within 1 mile) Philadelphia metro. 95% leased to strong tenants. NOI $680K/yr.  $8.5M. 8% cap.
  2. Strip Center in Dallas, TX: 6,347 SF strip center in fast growing area. Close to I-635.  100% leased. NOI $93K/yr. $950K. 9.85% cap.
  3. Neighborhood Center in Houston, TX: 74,365 SF attractive shopping center on 7 ac lot anchored by 99 Cents Only and Advance Auto Parts. 99% NNN leased. NOI $1.283M/yr. $16.995M. 7.55% cap.
  4. Retail Building in Champaign, IL: 2453 SF retail building in growing city adjacent to Market Place Mall. 100% NNN- lease to Verizon Wireless and Beauty Salon. NOI $73K/yr. $800K. 9.21% cap.
  5. MOB in Brooksville, FL: 27,960 SF Class-B medical office building completed in 1991 on nearly 4 ac lot in Tampa suburbs. Close to Oakhill Hospital. 100% leased to multiple tenants. NOI $229K/yr. $2.49M. 9.23% cap.
  6. Professional Building in Olympia, WA: 12,776 SF well maintained office building at a corner location in growing town Southeast of Tacoma. Close to Westfield Capital Mall.  70% leased. Pro forma NOI $162K/yr. $2M. 8.11% pro forma cap.
  7. MOB in Olympia, WA: 10,160 SF Class-B medical office building at a corner location in Tacoma suburbs. Close to Westfield Capital Mall and Capital Medical Center. 90% leased to multiple tenants. Pro forma NOI $103K/yr. 1.3M. 7.95% pro forma cap.

            (c) Transmercial 2013

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