11-20: MOB, Mixed-use, Retail Buildings

1. Shopping Center in Kingwood, TX: 35,085 SF high quality construction shopping center built in 2008 on 4 ac lot in growing and high income Houston suburbs. Near Kingwood Medical Center and I-69. 94% NNN leased to fourteen tenants. Actual NOI $595K/yr. $7.938M. 7.50% actual cap.
2. Retail Center in Memphis, TN: 17,360 SF attractive retail center built in 2002 on 1.69 ac corner lot. 76% leased. Actual NOI $128K/yr. $1.2M. 10.7% actual cap.
3. MOB in Boise, ID: 3770 SF Class-B single-tenant medical office building completely renovated in 2003 at a corner location. Across from St. Luke’s Medical Center. This is a sale lease back investment. New 7-yrs absolute NNN lease to Center for Lifetime Health. NOI $84K/yr with 3% annual rent increases. $1.4M. 6% cap.
4. Retail Center in La Porte, TX: 16,500 SF retail center built in 2008 on nearly 2 ac lot in growing and upper middle class Houston MSA with an AHI of $84K/yr in 3 miles. 100% leased to eight tenants. NOI $264K/yr. $3.53M. 7.5% cap.
5. Office Building in Mesa, AZ: 15,249 SF Class-B multitenant office building completed in 2000 on 1.56 ac lot in Phoenix suburbs. Close to Superstition Springs Center, with Sears, Dillards, Macy’s and JC Penney. With easy access to Hwy-60. 100% leased. NOI $164K/yr. $2.188M. 7.5% cap.
6. MOB in East Greenwich, RI: 15,619 SF newly constructed medical office building in high income (AHI $98K/yr) Providence metro. 100% NNN leased with long term tenants. NOI $449K/yr. $4.999M. 9% cap.
7. Retail Building Norcross, GA: 10,000 SF attractive retail center built in 2007 on 1 ac lot along busy corridor in growing Atlanta suburbs. 70% NNN leased. Actual NOI $99K/yr. $1.65M. 6% actual cap. Upside potential.
8. MOB in Snellville, GA: 28,750 SF Class-B office building on 2½ ac lot in growing and high income Atlanta suburbs with an AHI of $85K/yr in 3 miles. Adjacent to Eastside Medical Center. 74% leased. Actual NOI $157K/yr. $1.8M. 8.75% actual cap.
9. Strip Center in Lomita, CA: 4872 SF strip center built in 2008 at a hard corner location in densely populated Los Angeles County. NNN leased. NOI $84K/yr. $1.699M. 5% cap.
10. Mixed-use in Moorpark, CA: 7525 SF well maintained retail/office center with excellent visibility in high income city (AHI $115K/yr in 3 miles) in Southern California. 67% leased. Actual NOI $60K/yr. $1.15M. 5.29% actual cap. Upside potential when fully leased.

            (c) Transmercial 2014