Tuesday, October 27, 2015

10-13: MOB, Retail Centers, Shopping Centers, Office Buildings


Daily Best Commercial Properties

  1. Retail Building in Bakersfield, CA: brand new 15,000 SF retail building on nearly 1 ac lot at a main retail artery.  Near Valley Plaza Mall. On an off/on ramp of Hwy-99. 100% NNN leased to Lumber Liquidators and Hustler Hollywood. NOI $221K/yr. $3.171M. 7% cap.
  2. MOB in Henderson, NV: 18,000 SF attractive medical radiology facility constructed in 2004 on 1.96 ac lot in a growing upper middle-class Las Vegas suburbs. Close to St Rose Dominican Hospital-Siena. Tenant has been at this location for 10 yrs. Recently extended 10 yrs NNN lease. NOI $421K/yr. $6.5M. 6.48% cap.
  3. MOB in Modesto, CA: 6151 SF well maintained single-tenant medical office building on .31 ac lot. 100% NNN leased with 6 yrs left to Hoybjerg Orthodontics. NOI $79K/yr. $1.1M. 7.20% cap.
  4. Office Building in Lawrenceville, GA: 24,070 SF attractive office building in fast growing Atlanta metro. 85% leased to multiple tenants. Actual NOI $178K/yr. $1.935M. 9.25% cap.
  5. Retail Center in Las Vegas, NV: 6000 SF four units strip center built in 2004 along busy retail artery. Across from Smart & Final center. 70% leased with 1 vacant unit. National tenants include: Subway and Metro PCS/Virgin Mobile. Actual NOI $89K/yr. $1.095M. 8.20% cap.
  6. Retail Center in Longmont, CO: 25,254 SF In-line shopping center on 4.36 ac lot at a hard corner location in upper middle class neighborhood. Shadow anchored by Safeway and across from King Soopers grocery center. 100% leased to national and local tenants. 6.75% cap. Price Not Disclosed.
  7. MOB in Plainfield, NJ: 11,200 SF multitenant medical office building on .68 ac lot in high income (AHI $94K/yr in a 3 mile radius) New York MSA. 90% leased. NOI $157K/yr. $1.95M. 8.10% cap.
  8. Shopping Center in Richland, WA: 31,925 SF shopping center built in 2007 on over 3 ac lot in high income area with an AHI of $97K/yr in a 1 mile ring. Anchored by 21,480 SF Ace Hardware. Across from Albertsons grocery. 100% NNN leased. NOI $377K/yr. $5.39M. 7% cap.
  9. Retail Center in Toledo, OH: 17,131 SF attractive retail center. Adjacent to Kroger grocery and I-75. 100% NNN lease with excellent tenant mix including: DaVita Dialysis, Goodwill, Little Caesars, Great Clips and China King. NOI $218K/yr. $2.501M. 8.75% cap.
  10. Retail Center in Saint Cloud, FL: 13,500 SF retail center along major corridor in Orlando suburbs. Close to St. Cloud Regional Medical Center. 100% NNN leased. NOI L$163K/yr. $2M. 8.15% 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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