Friday, August 14, 2015

07-31: MOB, Strip Centers, Retail Centers, Regional Shopping Centers


Daily Best Commercial Properties

  1. MOB's in Tucson, AZ: 11,775 SF consisting of two medical office buildings. Close to 641-bed  TMC Tucson Medical Center. 100% leased to five solid tenants. NOI $84K/yr. $1.05M. 8% cap.
  2. Neighborhood Center in Trabuco Canyon, CA: 69,374 SF consisting of six buildings completed in 1990 on nearly 9 ac lot in affluent Southern California with an AHI of $121K/yr in a 3-mile radius. Area with high barriers to entry. Major tenants include: Fitness Evolution, Domino's Pizza, Farmers Insurance, Allstate Insurance, Edward Jones and My Gym. NOI $1.252M/yr. $20.45M. 6.12% cap.
  3. Strip Center in Las Vegas, NV: 6000 SF attractive strip center constructed in 2004 on .36 ac lot at a hard corner location. Across from Smart & Final Extra shopping center. Credit tenants include: Subway, Metro and Virgin Mobile. 70% leased with only one vacant unit. Pro forma NOI K$89K/yr. $1.195M. 7.5% pro forma cap.
  4. Neighborhood Center in Murrieta, CA: 114,486 SF regional shopping center constructed in 2006 on over 9 ac lot in growing and high income Riverside County. With excellent visibility and along I-215. 95% NNN leased. $23.2M. NOI & cap N/A.
  5. Shopping Center in Blue Springs, MO: 52,918 SF attractive shopping center renovated in 2002 on nearly 12 ac lot  in Kansas City suburbs. With easy access to I-70. 93% leased. Actual NOI $556K/yr. $6.02M. 9.25% actual cap. Upside potential.
  6. Retail Center in San Diego, CA: 27,041 SF well maintained retail center on 2.70 ac lot along main corridor. 96% NNN leased with good tenant mix including O'Reilly Auto Parts. NOI $455K/yr. $7.85M. 5.80% cap.
  7. Sports Authority in Phoenix, AZ: 63,034 SF retail building constructed in 1990 on 6.27 ac lot at a major retail corridor. Adjacent to Target and Hobby Lobby. Across from 694,482 SF Ahwatukee Foothills Towne Center with AMC Theaters, Marshalls, Ross Dress for Less, Babies R Us and Petsmart. Near I-10. 100% NNN leased with 8-yrs left. NOI $1.036M/yr. $13.819M. 7.50% cap.
  8. MOB in Scottsdale, AZ: 4257 SF single-tenant medical office building constructed in 2003 in Phoenix suburbs. Adjacent to Scottsdale Medical Center. New 7-yrs NNN lease to a stable Orthopedic practice specializing in adult reconstruction. NOI $108K/yr. $1.662M. 6.50% cap.
  9. Strip Center in Riverside, CA: 4390 SF strip center built in 2008 on .80 ac lot along busy corridor in high income (AHI $113K/yr) Riverside County. 100% leased. NOI $102K/yr. $1.57M. 6.50% 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.  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.


David V. Tran
Chief Investment Advisor. CA BRE# 00969014
Transmercial -- Commercial Real Estate Investments
408-288-5500 ext. 201, 408-288-5533 (F)
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