10-27: MOB, Office Buildings, Retail Centers, Shopping Centers

1. MOB in Cherry Hill, NJ: 23,000 SF Class-B single-tenant medical office building in high income (AHI $94K/yr in 3 mile ring) Philadelphia metro. Close to Kennedy Hospital and I-295. 100% NNN lease with 5-yrs left to Penn Medicine. NOI $430K/yr. $5.377M. 8% cap.
2. MOB in Maryville, IL: 31,567 SF attractive multi-tenant medical office building on 3 ac lot anchored by DaVita Dialysis Center in growing and high income St. Louis suburbs with an AHI of $92K/yr. Near Anderson Hospital. 91% NNN leased with a strong mix of medical tenants. NOI $454K/yr. $6.35M. 7.15% cap. Upside potential.
3. MOB in Merrillville, IN: 37,328 SF multi-tenant medical office building constructed in 1994 on 5.71 ac lot in Chicago suburbs. Adjacent to Methodist Hospital. 97% NNN leased. NOI $481K/yr. $6.3M. 7.64% cap.
4. Shopping Center in Omaha, NE: 35,206 SF well maintained shopping center on 3 ac lot. Near 145-bed Children’s Hospital and Medical Center & newly proposed redevelopment Crossroad Mall.  91% leased to national and local tenants. NOI $297K/yr. $3.575M. 8.32% cap.
5. MOB in Westfield, NJ: 12,000 SF Class-B recently renovated medical office building in affluent (AHI $130K/yr in 1 mile) New York MSA. NOI $307K/yr. $3.7M. 8.30% cap.
6. Office Building in Livermore, CA: 33,321 SF Class-B office building on over 1 ac lot in growing high income (AHI $106K/yr in 3 mile radius) city East of San Francisco. Close to I-580. 77% leased. NOI $198K/yr. $1.95M. 10.16% cap.
7. MOB in Homewood, AL: 27,915 SF Class-A multi-tenant medical office building completed in 2010 on  Hospital campus of 631-bed Brookwood Medical Center, an affiliate of Tenet Health in Birmingham suburbs. 100% NNN leased to four tenants. 7% cap. NOI N/A.
8. MOB in Whippany, NJ: 22,000 SF medical office building completed in 2005 on 2.39 ac lot in affluent (AHI $112K/yr) New York metro. Near I-287. 100% NNN leased to Ambulatory Surgical Center, Endoscopy Center, Pediatric Group and a Physical Therapy/Wellness Group. NOI $474K/yr. $6.5M. 7.30% cap.
9. Office Building in Bentonville, AR: 32,000 SF Class-B office building on 2.53 ac lot across from Northwest Medical Center-Bentonville. 100% NNN leased with good tenant mix. NOI $306K/yr. $3.55M. 9.05% cap.
10. Retail Center in Hialeah, FL: 24,322 SF 20-units retail center built in 2002 on 1.35 ac lot in Miami suburbs. Close to I-75. 90% leased. NOI $175K/yr. $2.5M. 7% cap.  

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