Friday, October 10, 2014

09-26: Mixed-use, MOB, Retail Centers, Strip Centers

  1. Strip Center in San Bernardino, CA: 6004 SF attractive strip center built in 1997 on .58 ac lot. Part of Tri-City Corporate Centre, a mixed-use development consisting of office, retail and hospitality totaling over 1.69 million SF. 100% NNN leased to Panda Express, Juice It Up! And Baja Fresh. NOI $129K/yr. $2.276M. 5.70% cap.
  2. Mixed-use in Peoria, AZ: 15,556 SF medical & retail building completed in 2006 on .61 ac lot in growing upper middle-class Phoenix suburbs. 100% leased. NOI $321K/yr. $4.425M. 7.26% cap.
  3. Retail Center in Miamisburg, OH: 10,088 SF retail center built in 2008 at a signalized corner location in Dayton suburbs. 63% leased. Pro Forma NOI $146K/yr. $1.25M. 11.70% pro forma cap.
  4. MOB in Sacramento, CA: 20,992 SF well maintained multi-tenant medical office building anchored by Kaiser Permanente. Near Mercy General Hospital. 100% leased. NOI $265K/yr. $3.4M. 7.80% cap.
  5. Retail Center in Jonesboro, GA: 9600 SF attractive retail center built in 2007 on 1.23 ac lot on a main corridor in Growing Atlanta suburbs. 88% NNN leased. NOI $98K/yr. $1.05M. 9.38% cap. Upside potential when fully leased!
  6. MOB in Munster, IN: 16,972 SF Class-A medical office building in Chicago suburbs. Close to community Hospital. 100% leased to multiple tenants. NOI $248K/yr. 3.5M. 7.10% cap.
  7. MOB in McKinney, TX: 11,116 SF Class-B multi-tenant medical office building on over 1 ac lot in a growing (173% pop growth since 2000) and affluent (AHI $106K/yr) Dallas metro. 100% leased. NOI $184K/yr. $2.3M. 8% cap.
  8. Retail Center in Stockton, CA: 15,314 SF retail center built in 2008 on 1.84 ac lot at a signalized location. Next to Costco. 100% leased to strong national, regional and local tenants.  NOI $431K/yr. $6.646M. 6.50% cap.
  9. Office Building in Fair Oaks, CA: 15,384 SF nineteen units well kept office building on over 1 ac lot in Sacramento suburbs. Close to Mercy San Juan Medical Center. 70% leased. Actual NOI $77K/yr. $1.1M. 7% cap. Upside potential.
  10. Retail Center in Duluth, GA: 10,000 SF well maintained retail center on over 1 ac lot in growing Atlanta suburbs. All units face main corridor. 90% leased. $1.925M. Cap N/A.


(c) Transmercial 2014
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