Monday, June 29, 2015

05-12: MOB, Wendy's, Office Building, Retail Center, Strip Centers


Daily Best Commercial Properties

  1. Retail Center in Green Brook, NJ: 9000 SF well maintained retail center on over 1 ac lot in high income New York metro with an AHI of $116K/yr in 1 mile ring. 100% NNN leased. NOI $102K/yr. $1.595M. 6.40% cap.
  2. Professional Office in Porter Ranch, CA: 15,798 SF 13-unit Class-A Spanish Style multitenant medical & professional office building on .98 ac lot in affluent (AHI $124K/yr in 1 mile) Los Angeles County. Next to Hwy-118. 100% leased with excellent tenant mix. NOI $316K/yr. $4.975M. 6.37% cap.
  3. Shopping Center in Mesa, AZ: 28,383 SF L-shaped shopping center on 3.26 ac lot along busy corridor in Phoenix suburbs. Close to Fiesta Mall and Hwy-60. 83% leased. Actual NOI $302K/yr. $3.776M. 8% actual cap. Upside potential.
  4. Strip Center in Sterling Heights, MI: 6240 SF attractive strip center on nearly 1 ac lot along busy artery. Adjacent to Chrysler Assembly/Stamping Plants. 100% leased to Happy’s Pizza, Laky Jane’s Men’s Hair Salon and Check into Cash. NOI $92K/yr. $1.1M. 8.42% cap.
  5. MOB in Exton, PA: 15,058 SF Class-B medical office building completed in 2001 on over 4 ac lot in high income Philadelphia suburbs. 100% leased to three established tenants: Comprehensive Cancer Care, Orthopedic & Sports Medicine, and Physical therapist. NOI $319K/yr. $4.35M. 7.35% cap.
  6. Retail Center in Indianapolis, IN: 16,785 SF attractive retail center built in 2008 on 1.76 ac lot at a signalized location. Near I-465. Tenants include: Huntington Bank, Subway, Sky Nails, Gone Kountry, Sprint, Tobacco Shop, Thai Recipes and Noble Romans. 100% NNN leased. NOI $270K/yr. $3.38M. 8% cap.
  7. Strip Center in Orlando, FL: 8436 SF strip center constructed in 2004 on nearly 1 ac outparcel to Walmart Supercenter and at a highly visible location. 73% leased to national/regional tenants. Actual NOI $226K/yr. $3.195M. 7.08% actual cap. Upside potential.
  8. Office Park in Houston, TX: 26,735 SF well maintained office building on 1.55 ac lot at a hard corner location. Close to Clear Lake Regional Medical Center. 91% leased to medical & professional tenants. Actual NOI $250K/yr. $2.78M. 9.03% actual cap. Upside potential.
  9. Strip Center in Avondale, AZ: 58196 SF eye-catching strip center constructed in 2004 on .75 ac lot in growing Phoenix suburbs. 100% leased to four stable tenants in the last 11 years: Filiberto’s Mexican Food, Pizza Patron, A-Affordable Insurance and nail Salon. NOI $136K/yr. $1.95M. 7.02% cap.

(c) Transmercial 2015
About The Properties

Transmercial is the only company in the US that offers this list of best properties between $950K to $30M in 50 states.  These properties are selected from 300-400 daily listings from many commercial real estate companies, and various other sources.   Each property has a brief description and a flyer.  Previous lists are posted on Transmercial's blog after 2 weeks delay. Please click here for selection criteria.  Underlined names, if any, indicate safe hyperlinks that you can click for more info. For a full marketing brochure, please reply and specify the property number.  Transmercial will guide you thru the whole acquisition process if needed.  It will track all the issues via the "Due Diligence Summary" report until they are all resolved prior to closing.


Below are the most commonly used acronyms:

  • AHI: Avg. Household Income.  National average is about $55+K/yr.
  • NOI: Net Operating Income.  It's the income after all expenses (prop taxes, ins., maintenance) paid.
  • NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.
  • NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

No comments:

Post a Comment