Wednesday, September 17, 2014

09-03: Car Wash, CareNow, MOB, Shopping Center


  1. Shopping Center in Tucson, AZ: 86,680 SF attractive shopping center on 7+ ac lot at a hard corner location anchored by 32,734 SF Sprouts Farmers Market. 93% NNN leased. NOI $794K/yr. $8.59M. 9.25% cap. Upside potential.
  2. Car Wash in Thousand Oaks, CA: 2152 SF fully equipped self-service car wash in a high income (AHI $96K/yr in 3 miles) Los Angeles suburbs. Close to The Oaks Mall and Hwy-101. NOI $144K/yr. $1.975M. 7.31% cap.  Note: both business and real estate included in the sale.
  3. CareNow in Grapevine, TX: 3855 SF single tenant urgent medical care center constructed in 1998 outparcel to 1,600,000 SF Grapevine Mills Mall in Dallas/Fort Worth suburbs. 15-yrs NNN corp lease with 4-yrs left. NOI $159K/yr. $2.1M. 7.60% cap.
  4. Office Building in Delran, NJ: 20,600 SF Class-B multi-tenant office building in upper middle-class Philadelphia suburbs. NOI $221K/yr. $2.6M. 8.50% cap.
  5. Shopping Center in Oxnard, CA: 64,421 SF eye-catching shopping center remodeled in 2004 on 5.47 ac lot at a signalized corner location. Anchored by Big 5 Sports.   Easily accessible with six points of ingress/egress. Near Esplanade Shopping Center with Target, Home Depot and Food For Less. Easy access to Hwy-101. 85% NNN leased to 25 tenants. Actual NOI $1.255M/yr. $17.935M. 7% cap.
  6. Strip Center in Milwaukee, WI: 35,749 SF strip center built in 1995 on 2 ac lot. Near Sam’s Club. 100% leased. NOI $324K/yr. $4.45M. 7.30% cap.
  7. Retail Center in Saint Cloud, FL: 10,560 SF well maintained strip center on nearly 2 ac lot along main corridor in Orlando suburbs. 100% leased to two tenants. NOI $141K/yr. $1.7M. 8.32% cap.
  8. MOB in Merced, CA: 8620 SF Class-A single-tenant medical office building constructed in 2010 on .63 ac lot in a growing city South of Sacramento. Close to Mercy Medical Center-Merced. 100% NNN lease with 6-yrs left to Veterans Administration. NOI $245K/yr. $4.45M. 5.40% cap.
  9. Retail Center in Huntington Beach, CA: 10,481 SF attractive retail center built in 2003 on .87 ac outparcel to Target. Great demographics: AHI of $105K/yr in a 1-mile radius. 100% NNN leased. NOI $312K/yr. $6.075M. 5.14% cap.
  10. Strip Center in Orlando, FL: 5301 SF attractive strip center at a corner location close to Hwy-408. 100% leased.  $1.8M.

            (c) Transmercial 2014
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