- IRS Office Building in Greenwood, IN: 9,715 SF attractive office building constructed in 2000 on 2 ac lot in Indianapolis metro. Next to Sam’s Club and near I-65. 10-yrs lease with 9-yrs left. NOI $151K/yr. $1.89M. 8% cap.
- Shopping Center in Westborough, MA: 29,011 SF shopping center in affluent Boston metro with an AHI of $121K/yr in 3 miles. Next to 12-screen Regal Cinema. NNN leased to Outback Steakhouse, Spa Tech Institute and soon to open Women’s health club. NOI $440K/yr. $5M. 8.80% cap.
- DaVita in Mission, TX: 6370 SF Class-A dialysis center built in 2009 next to Mission Regional Medical Center in McAllen suburbs. 10-yrs NNN- lease with 6-yrs left. NOI $101K/yr with a 10% rent bump in Sept 2014. $1.3M. 7.84% cap.
- Taco Bell in Oklahoma City, OK: 2304 SF drive-thru fast food restaurant completed in 1996 on .69 ac lot in middle-class area. Close to Oklahoma City University and I-235. Brand new 15-yrs absolute NNN lease. NOI $120K/yr with 1% annual rent increases. $1.929M. 6.25% cap.
- Apartments in Sacramento, CA: 19-units recently updated apartment complex on 1 ac lot. Close to schools, parks and shopping centers. NOI $78K/yr. $1.12M. 7% cap.
- MOB in Flower Mound, TX: 10,258 SF Class-A medical office building constructed in 2007 in growing and high income (AHI $111K/yr in 1 mile) Fort Worth/Dallas suburbs. Across from 898-bed Texas Health Presbyterian Hospital. 100% NNN leased to multiple tenants. $2.39M. 7.05% cap.
- Carl’s Jr in Phoenix, AZ: 4361 SF drive-thru fast food restaurant in densely populated area. 100% absolute NNN lease with 11-yrs left to strong franchisee with 150-units. NOI $158K/yr with 5% rent increases every 5-yrs. $2.346M. 6.75% cap.
- Retail Building in Woodbury, MN: 4800 SF inline retail building constructed in 2008 between Staples and Hobby Lobby in high income Minneapolis suburbs. Shadow-anchored by Sam’s Club. Near I-94. 100% leased to 2 tenants. NOI $80K/yr. $1.1M. 7.32% cap.
(c) Transmercial 2014
No comments:
Post a Comment