Monday, July 7, 2014

06-20: Bank of America, Arby's Restaurant, Professional Office, Retail Buildings

  1. Retail/Office Building in Wilton Manors, FL: 27,581 SF attractive retail/office building on over 1 ac lot in a high income (AHI $89K/yr) Fort Lauderdale suburbs.  Strong occupancy with a diverse mix of local tenants. NOI $357K/yr. $4.85M. 7.37% cap.
  2. Retail Center in Peoria, AZ: 51,200 SF consisting of two buildings completed in 2008 in growing and upper middle class Phoenix suburbs. Shadow anchored by Power Center with Target and Kohl’s, Michaels, Petco, Ross Dress for Less and more. Of an off/on ramp of Hwy-101. 100% NNN leased to LA Fitness, OfficeMax, Carter’s and Styles for Less. NOI $1.038M/yr. $14M. 7.42% cap.
  3. Office Building in Temecula, CA: 15,626 SF Class-B two-story multi-tenant office building on 1+ ac corner lot in affluent (AHI $111K/yr in 1 mile) Southern California. Close to The Promenade in Temecula mall and I-15. 94% NNN leased. NOI $198K/yr. $2.7M. 7.37% cap.
  4. Bank of America in Cicero, NY: 3510 SF Bank of America in Syracuse MSA.  Across from Lowe’s anchored center and near I-481. 100% NNN lease with 3-yrs left. NOI $50K/yr. $714K. 7% cap.
  5. Office Complex in Salt Lake City, UT: 40,290 SF Class-B consisting of five professional buildings along Hwy-71. Close to Walmart Supercenter. 89% leased. NOI $282K/yr. $3.65M. 7.75% cap.
  6. Office Building in Temecula, CA: 28,353 SF Class-B consisting of two office buildings on 1.80 ac lot in Los Angeles suburbs. Close to Promenade Temecula mall and I-15. 100% NNN leased. NOI $337K/yr. $4.995M. 6.75% cap.
  7. Shopping Center in Woodinville, WA: 59,850 SF attractive shopping center anchored by Gold’s Gym in Seattle suburbs. Near Hwy-522. 100% leased to three tenants. NOI $987K/yr. $14.1M. 7% cap.
  8. Arby’s & Retail Building in Wyoming, MI: 3370 SF drive-thru corp Arby’s Restaurant and 2924 SF retail building on 1.82 ac lot in Grand Rapids suburbs. Includes a CBS Billboard Sign. On an off/on ramp of Hwy-131. 100% NNN leased. NOI $116K/yr. $1.552M. 7.53% cap.


            (c) Transmercial 2014

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