Tuesday, August 25, 2015

08-11: MOB, Shopping Centers, Retail Centers, Strip Centers


Daily Best Commercial Properties

  1. Retail Center in Minnetonka, MN: 19,801 SF retail center built in 1988 on over 2 ac lot in upper middle class Minneapolis suburbs. Major tenants include: Lone Spur Bar & Grill, Edward Jones, Cedar Hills Dental and Stare Farm Insurance. 81% NNN leased. NOI $195K/yr. $2.75M. 7.10% cap.
  2. Retail Center in Centerville, OH: 19,722 SF attractive retail center on over 1 ac outparcel to Power Center with Marshalls, Bed Bath & Beyond and Earth Fare in Dayton suburbs. 100% leased. NOI $234K/yr. $2.798M. 8.40% cap.
  3. Retail Center in Orland Park, IL: 16,000 SF attractive retail center built in 2003 on over 2 ac lot in Chicago Metro. 100% NNN leased. NOI $253K/yr. $3.17M. 8% cap.
  4. Shopping Center in Lancaster, CA: 62,011 SF well maintained shopping center on 5 ac lot anchored by High Desert Medical. Close to Antelope Valley Hospital and with easy access to Hwy-138. 98% leased. NOI $531Kyr. $7.2M. 7.38% cap.
  5. Retail Center in Flat Rock, MI: 17,000 SF newly renovated retail center on nearly 2 ac lot along main artery in growing upper middle class Detroit MSA. 77% leased. Actual NOI $142K/yr. $1.538M. 9.25% actual cap. Upside potential when fully leased.
  6. Retail Center in Allen, TX: 12,000 SF attractive retail center built in 2003 on 1.74 ac lot in high income Dallas suburbs with an AHI of $108K/yr in a 1 mile radius. 90% leased. Actual NOI $229K/yr. $2.8M. 8% cap.
  7. Strip Center in Colleyville, TX: 6800 SF strip center built in 2005 along main retail thoroughfare in affluent (AHI $132K/yr) Dallas/Fort Worth suburbs. Across from Whole Foods and Goody Goody Liquor shopping center. 100% leased. NOI $118K/yr. $1.65M. 7.17% cap.
  8. Retail Center in Escondido, CA: 20,968 SF attractive retail center on 2 ac lot at a signalized corner location in Southern California. 85% leased. Actual NOI $261K/yr. $4.69M. 5.58% actual cap. Upside potential.
  9. MOB in Lynchburg, VA: 9652 SF Class-B medical office building constructed in 190 on .76 ac lot in a fast growing area. Close to Centra Lynchburg General Hospital. 100% NNN- lease with over 11 yrs left to Nephrology practice. NOI $204K/yr with 3% annual rent increases. $3.144M. 6.50% cap.
  10. Strip Center in Lancaster, CA: 8110 SF strip center on .41 ac lot at a busy corridor. Close to Antelope Valley Hospital. 100% leased. NOI $54K/yr. $995K. 5.49% 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.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)