Thursday, September 24, 2015

09-10: MOB, Office Buildings, Shopping Centers, Retail Centers


Daily Best Commercial Properties

  1. MOB in Bartlett, TN: 7010 SF Class-B medical office building constructed in 2009 on over 1 ac lot in high income Memphis suburbs. Near I-40. 100% NNN leased to 2 medical tenants: Ear Nose Throat Specialist (10+ yrs lease) and Internal Medicine (8+ yrs lease). NOI $116K/yr. $1.3M. 8.93% cap.
  2. Retail Center in Apopka, FL: 14,458 SF well maintained retail center on over 1 ac lot along Hwy-441 in Orlando suburbs. NOI $136K/yr. $1.7M. 8% cap.
  3. Shopping Center in Madison, WI: 20,400 SF shopping center on 1.12 ac lot in growing and upper middle-class area. Visible/next to Hwy-14. Across from West Towne Mall. Leased to long term tenants. NOI $159K/yr. $1.59M. 10% cap.
  4. Shopping Center in Waldorf, MD: 45,395 SF shopping center constructed in 2002 on 5.86 ac lot anchored by Food Lion grocery in high income (AHI $97K/yr in a 3 mile ring) Washington MSA. Close to St Charles Towne Center. 100% NNN leased to local and regional tenants. NOI $582K/yr. $7.518M. 7.75% cap.
  5. Retail Center in Kissimmee, FL: 20,570 SF well kept retail center on nearly 2 ac lot along major corridor in Orlando suburbs, Tenants include: Hertz Rent a Car, Metro PCS, Paul's Carpet & Tile, Dr. Montero Dental and Christi's Love Chapel. NOI $237K/yr. $2.79M. 8.51% cap.
  6. MOB in Hurst, TX: 12,250 SF Class-B multitenant medical office building on 1 ac lot in growing Fort Worth suburbs. Near Southwest Surgical Hospital. 100% NNN leased. 7% cap. NOI N/A.
  7. Retail Center in Fremont, CA: 6300 SF retail center on .49 ac lot in affluent Silicon Valley with an AHI of $108K/yr in a 3 mile radius. 100% NNN leased. NOI $139K/yr. $2.545M. 5.5% cap.
  8. Shopping Center in Las Vegas, NV: 30,665 SF L-shaped shopping center on over 2 ac lot along major retail artery. 98% leased with excellent tenant mix. Actual NOI $331K/yr. $4.83M. 6.87% actual cap.
  9. Retail Center in Austin, TX: 19,300 SF eye-catching retail center on 3.70 ac lot in a fast growing area. All tenants face main corridor. Tenants include: Sherwin Williams, Fred Loya Insurance, Little Woodrow's, Brooklyn Pie Co, Tech Ridge Pet Hospital, La Tapatia Mexican Restaurant and Rush Laundry. NOI $390K/yr. $5.475M. 7.14% cap.
  10. Office Building in Edmonds, WA: 16,224 SF Class-A office building on nearly 1 ac lot in Seattle suburbs. Along Hwy-99. Close to Swedish Edmonds Hospital. Leased to multiple tenants. NOI $168K/yr. $2.4M. 7% 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.

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