03-18: Children of America, MOB, Office Building, Retail Center

1. Retail Center in Garden City, MI: 16,097 SF well maintained retail center on 3½ ac lot along major retail corridor in Detroit suburbs. 100% leased. NOI $151K/yr. $1.688M. 9% cap.
2. Children of America in Avon, IN: 17,000 SF high quality child development center built in 2012 on 2 ac lot in growing and high income (AHI $100K/yr) Indianapolis suburbs. 15-yrs NNN lease with 13-yrs left. NOI $264K/yr with 2% annual rent bumps starting in 2018. $3M. 8.80% cap.
3. Office Building in Martinez, CA: 11,556 SF Class-B office building on .62 ac lot in high income Contra Costa County. Visible form Hwy-4 and close to I-680. 100% NNN lease to ASCA with 6-yrs left. NOI $174K/yr with 3% annual rent increases. $2.69M. 6.50% cap.  
4. Strip Center in Hanover Park, IL: 9000 SF attractive strip center at a signalized corner location in high income Chicago suburbs. 100% NNN leased to six tenants. NOI $111K/yr. $1.599M. 7% cap.  
5. MOB in Colorado Springs, CO: 5744 SF Class-B office building on .60 ac lot in growing and high income area with an AHI of $95K/yr in 1 mile. 100% NNN lease with 5-yrs left by Memorial Hospital. NOI $74K/yr. $927K. 8% cap.  
6. Strip Center in Santa Ana, CA: 6500 SF attractive strip center built in 2001 in densely populated area with 700K residents in 5 miles ring. 100% NNN leased. NOI $153K/yr. $2.55M. 6% cap.

(c) Transmercial 2014