Monday, November 9, 2015

10-26: Fresenius, Mixed-use, Ace Hardware, Retail Center, Office Buildings


Daily Best Commercial Properties

  1. Fresenius Dialysis Center in Columbus, OH: 11,200 SF dialysis center built in 1986 on .99 ac lot. 10 yrs NNN with 6.5 yrs left.  Busy dialysis center serving 110 patients (vs. 77 on the average) and low rent to revenue ratio of 1.5+% (est.) NOI $112K/yr.  $1.659M. 6.75% cap.  Note: this is Transmercial listing.  Flyer attached.
  2. Retail Buildings in Saint Petersburg, FL: 6100 SF and 2900 SF retail buildings on over 1 ac lot at a major artery in Tampa suburbs. 100% NNN leased to Amscot and Anytime Fitness. 7% cap. NOI N/A.
  3. Mixed-use in Norcross, GA: 53,360 SF consisting of two office/retail buildings completed in 2001 on 3.38 ac lot in growing Atlanta metro. Along Hwy-23. 86% leased. Actual NOI $488K/yr. $5.3M. 9% cap.
  4. Ace Hardware in Mukilteo, WA: 11,000 SF single-tenant well maintained retail building on nearly 1 ac lot in a growing upper middle class town North of Seattle. 100% NNN leased with 3 yrs left. NOI $212K/yr. $3.118M. 6.82% cap.
  5. Office Building in West Des Moines, IA: 23,744 SF Class-B multitenant office building on 1.68 ac lot in growing and high income (AHI $88K/yr in a 3 mile ring) neighborhood. Close to Mercy Medical Center. Visible & with easy access to I-235. 92% leased. NOI $174K/yr. $2.25M. 7.75% cap.
  6. Retail Center in Las Vegas, NV: 6200 SF well maintained retail building built in 1999 at a busy retail corridor. 100% leased to Domino's Pizza, Gun Shop, Rosa Spa, Market and Smoke Buster (kiosk). Pro forma NOI $156K/yr. $1.95M. 8% pro forma 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.

No comments:

Post a Comment