02-24: Burger King, Mix-used Center, Office Building, MOB

1. MOB in San Bernardino, CA: 3472 SF Class-B medical office building in growing Southern California. Close to Hospitals and I-10. 100% leased to established tenant. NOI $60K/yr. $850K. 5.46% cap.
2. Burger King in Victorville, CA: 3684 SF drive-thru fast food restaurant remodeled in 2003 on .52 ac lot along major retail artery. Across from Costco. 17-yrs NNN lease with over 6-yrs left. NOI $108K/yr with a rent bump in 2016.  $1.815M. 6% cap.
3. Office Building in Lexington, KY: 10,000 SF Class-A office building completed in 2005 on .68 ac lot in growing high income area. Adjacent to Hamburg Pavilion-Hamburg Village, a Power Center and I-75. 100% leased. NOI $132K/yr. $1.655M. 8% cap.
4. Medical Office Park in Indianapolis, IN: 32,628 SF Class-B consisting of two well maintained medical buildings. Adjacent to Community Hospital and near Greenwood Park Mall. 77% leased to multiple tenants. $3M. NOI/Cap N/A.
5. Retail Center in Lake Zurich, IL: 9029 SF 4,969 SF retail centers constructed in 2009 at busy retail corridor in fast growing & prosperous (AHI $143K/yr in 3 mile) Chicago suburbs.100% leased to Starbucks Coffee (on a separate free-standing building), SportClips, Couture 360 and Children’s Dentistry Group. NOI $213K/yr. Price N/A.
6. Mix-used Center in Edgewater, MD: 9896 SF well maintained retail/office center on 1 ac lot  in high income Washington metro. 100% leased. NI $179/yr. $2.3M. 7.80% cap.
7. Office Building in Hurst, TX: 10,200 SF Class-B medical office building on 1+ ac lot along Hwy-26. In growing and high income Dallas - Fort Worth suburbs with an AHI of $122K/yr in 1 mile. 70% leased. NOI $150K/yr. $2M. 7.50% cap.

            (c) Transmercial 2014