05-30: MOB, CVS, Mixed-Use, Neighborhood Centers

1. MOB in Decatur, GA: 9000 SF newly constructed medical office building on over 1 ac lot in growing & high income Atlanta suburbs. Close to North Dekalb Mall and Hwy-78. 90% leased. $1.85M. NOI/Cap N/A.
2. Strip Center in West Chicago, IL: 9862 SF strip center built in 2007 at a signalized intersection outparcel to Menards Grocery in a high income area. 100% NNN leased to Starbucks Coffee, Verizon, Sport Clips, Domino’s, Jimmy John’s, State Farm and Sprint. NOI $249K/yr. $3.569M. 7% cap.
3. MOB in Lubbock, TX: 50,000 SF Class-A multi-tenant medical office building completed in 2003 on over 3 ac lot. Adjacent to Lubbock Heart Hospital and next to Hwy-289. 93% leased. NOI $650K/yr. $8.65M. 7.50% cap.
4. Senior Housing in Pasadena, CA: 18-bed well-maintained assisted living facility in upper middle class Los Angeles County with an AHI of $96K/yr in 3 miles. Actual NOI $234K/yr. $1.988M. 11.78% cap.
5. CVS in Westland, MI: 10,855 SF drive-thru pharmacy on .76 ac corner lot at a signalized intersection in Detroit suburbs. Close to Westland Center. 20-yrs NNN- lease with 9-yrs left. NOI $249K/yr with 3.3% rent increases every 5-yrs. $3.566M. 7% cap.
6. Neighborhood Center in Chino, CA: 64,082 SF shopping center built in 1991 on 6 ac lot at a busy retail corridor in upper middle-class San Bernardino County. Close to Hwy-60. 94% leased. NOI $790K/yr. $11.8M. 6.70% cap.
7. Mixed-Use Center in Miami, FL: 10,275 SF well maintained office/retail center close to University Miami Hospital and Hwy-836. 100% NNN leased. NOI $125K/yr. $1.795M. 7% cap.   

            (c) Transmercial 2014