Thursday, October 15, 2015

10-1: Office building, MOB, Nextcare urgent care, shopping centers


Daily Best Commercial Properties

  1. Retail Buildings in Pittsburg, CA: 15,025 SF consisting of two retail buildings on .74 ac lot along major artery in Contra Costa County. Close to Hwy-4. 92% leased to local, regional and national tenants. NOI $240K/yr. Price reduced from $3.595M to $3.3M. 7.21% cap.
  2. Office Building in Panorama, CA: 20,403 SF Class-B multitenant office building in Los Angeles County. Close to Panorama Mall and 115-bed Mission Community Hospital. 85% leased. Actual NOI $210K/yr. $3M. 7% cap.
  3. MOB in Palm Springs, FL: 6000 SF Class-A single tenant medical office building constructed in 2005 on .72 ac lot along major artery. Adjacent to 75,468 SF Publix anchored retail center. Tenant has been at this location since 2004. New 5 yrs absolute NNN lease. NOI $100K/yr. $1.437M. 7% cap.
  4. Retail Center in Katy, TX: 20,000 SF retail center constructed in 2005 on 1.66 ac outparcel to 24-hour Walmart Supercenter. At a major signalized intersection and in a growing upper middle class Houston suburbs. 88% NNN leased. Actual NOI $377K/yr. $5.21M. 7.25% cap.
  5. MOB in Lantana, FL: 6090 SF single tenant medical office building at a corner location along Hyw-1 and with easy access to I-95. Adjacent to Walgreens. New NNN lease with over 10 yrs left. NOI $114K/yr. $1.629M. 7% cap.
  6. Retail Center in Ontario, CA: 9300 SF well maintained retail center on .85 ac lot in densely residential & growing San Bernardino suburbs. Tenants include: Liquor Store, The Corner Pub, Metro PCS, Mexican Restaurant, Beauty Salon and Water & Ice. 83% leased. Pro forma NOI $167K/yr. $2.28M. 7.36% cap.
  7. Office Building in Concord, CA: 84,715 SF Class-B office building on nearly 5 ac lot in upper middle-class Contra Costa County with an AHI of $82K/yr in a 3 mile radius. Close to Sunvalley Mall, Waterworld California and I-680. 95% leased. 7.5% cap. NOI & price N/A.
  8. Retail Center in Lexington, KY: 26,659 SF two story well kept retail center adjacent to Regency Center with Michaels and Kroger Grocery. NNN leased to retail & medical tenants. NOI $323K/yr. $3.8M. 8.50% cap.
  9. NextCare Urgent Care in Edmond, OK: 3615 SF newly constructed medical office building in a fast growing (228% pop growth since 2000) and high income (AHI $95K/yr) Oklahoma City suburbs. 100% NNN lease to a strong operator with over 100 clinics. NOI $102K/yr. $1.632M. 6.25% 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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