- Office Building in Houston, TX: 56,375 SF Class-B office building on 2.64 ac lot in a fast growing and high income area. 78% leased to multiple tenants. Actual NOI $274K/yr. $3.044M. 9% actual cap. Upside potential.
- Walgreens in Madison Heights, MI: 13,675 SF drug store built in 1999 on 1.50 ac lot at a signalized intersection in Detroit suburbs. Near St John Hospital. 100% NNN lease with 5-yrs left. NOI $368K/yr. $4.75M. 7.75% cap.
- Apartments in Tulsa, OK: 57-units well kept multifamily apartments on 1.86 ac lot close to parks and shopping centers. 95% occupied. Pro forma NOI $163K/yr. $1.675M. 9.85% pro forma cap.
- Shopping Center in Saint Lucie West, FL: 18,643 SF attractive shopping center built in 2008 on over 2 ac lot anchored by IBM SE Credit Union. Part of the St Lucie West shopping district with over 2 million square feet of retail, including Wal-Mart, Beaks, Stein Mart, Petco, Chilis, Out Back, Ruby Tuesday and Publix. Close to I-95. 100% leased. NOI $152K/yr. $5.794M. 8.25% cap.
- MOB in Levittown, NY: 18,000 SF Class-B multi-tenant medical office building on 1.20 ac lot in high income (AHI $114K/yr in 1 mile) New York metro. 91% NNN leased. NOI $288K/yr. $3.2M. 9% cap.
- MOB in Fairborn, OH: 4091 SF built-to-suit medical office building completed in 2012 on .48 ac corner lot in upper middle-class Dayton suburbs. 10-yrs NNN- lease with 8-yrs left to Greene Memorial Hospital. NOI $77K/yr with annual rent increases. $975K. 8% cap.
- Dunkin’ Donuts in Hickory, NC: 2828 SF drive-thru Dunkin’ Donuts at a buys retail corridor. 15-yrs absolute NNN ground lease (land for sale) with 13+ yrs left. NOI $59K/yr. $795K. 7.50% cap.
- Apartments in Fresno, CA: 19-unit multifamily complex on .65 ac lot close to Hospital, parks and Hwy-180/41. Pro forma NOI $69K/yr. $925K. 7.8% pro forma cap.
(c) Transmercial 2014
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