Friday, June 6, 2014

05-23: MOB, Fast Auto Loans, Retail Centers

Closed Transactions. Transmercial recently closed these transactions:
  • $1.87M office building in Redwood City, CA.
  • 74,091 SF Burlington Coat Factory in Richardson, TX.
  • $3M Refi loan in Chandler, AZ.
  • $2M medical office building in Lancaster, TX


  1. Retail Center in Pasadena, TX: 13,401 SF well maintained retail center on nearly 1 ac lot at main corridor in Houston suburbs. 100% leased with good tenant mix such as: EZ Money Loan Services, Q Nails, Texas Donuts, Bizarre Bazaar, Spencer Washateria, Rose & Lien Hair Salon, My Liquor and a Credeur's Cajun Kitchen.8% cap. NOI/Cap N/A.
  2. Retail Center in Gilbert, AZ: 24,128 SF retail center built in 2002 on 2.94 ac lot in growing and high income Phoenix suburbs with an AHI of $101K/yr in 1 mile. 94% leased. NOI $364K/yr. $5.23M. 7.25% cap.
  3. MOB in Albuquerque, NM: 10,025 SF Class-B medical office building across from Presbyterian Hospital and next to I-25. 100% leased to two medical tenants. NOI $124K/yr. $1.495M. 8.32% cap.
  4. Fast Auto Loans in Fresno, CA: 2020 SF single tenant retail building on .51 ac lot at a signalized location. New 7-yrs NNN- lease to strong tenant with over 850 stores. NOI $64K/yr with 2% annual rent bumps. $925K. 7% cap.
  5. MOB in Huber Heights, OH: 6173 SF Class-B medical office building completed in 2002 on .43 ac lot in Dayton suburbs. Near Walmart Supercenter I-70. 100% NNN leased. NOI $78K/yr. $900K. 8.76% cap.

            (C) Transmercial 2014

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