Tuesday, November 24, 2015

11-10: Concentra Urgent Care, MOB, Shopping Centers, Professional Offices


Daily Best Commercial Properties

  1. Retail Center in Atwater, CA: 5428 SF retail center built in 2013 on .81 ac lot at a hard corner location  in a growing area. Close to Hwy-99. 100% NNN leased to 7-Eleven, Togo's and Verizon. $2.95M. NOI N/A.
  2. Nationwide Children's Hospital in Columbus, OH: 31,293 SF single tenant medical office building renovated in 2012 on 3.54 ac lot. With easy access to I-270. Tenant has been at this location since 2002. 100% NNN leased with 7 yrs left to Nationwide Children's Hospital. NOI $334K/yr. $4.782M. 7% cap.
  3. Professional Office in Las Vegas, NV: 19,500 SF Class-B multitenant office building completed in 1997. Close to Mountain View Hospital and Hwy-95. 75% NNN leased to medical & professional tenants. Actual NOI $159K/yr. $2.65M. 6% actual cap. Upside potential.
  4. Retail Center in Fresno, CA: 9078 SF well maintained retail center on .75 ac corner lot. Near Fashion Fair Mall and Hwy-41. 100% lease to long term tenants. Pro forma NOI $82K/yr. $995K. 8.24% pro forma cap.
  5. Shopping Center in Schaumburg, IL: 29,000 SF well kept shopping center on over 3 ac corner lot along main artery and in a high income neighborhood. 76% leased. Pro forma NOI $236K/yr. $1.95M. 12% pro forma cap.
  6. Retail Center in Altamonte Springs, FL: 13,682 SF retail center on over 2 ac lot at a signalized intersection in upper middle-class Orlando suburbs. 91% leased. $1.75M. NOI N/A,
  7. Office Depot in Dothan, AL: 25,167 SF single tenant retail building constructed in 1995 along major thoroughfare. Tenant has been at this location since 1995. 100% NNN- lease with 10 yrs left. NOI $172K/yr. $2.47M. 7% cap.
  8. Concentra Urgent Care in North Charleston, SC: 8527 SF urgent care center built in 1992 on .43 ac lot. Across from Walmart Supercenter adjacent to Northwoods Mall and close to I-26. 100% NNN leased with 7 yrs left. NOI $230K/yr with 2% annual rent bumps. $3.2M. 7.20% cap.
  9. Strip Center in Rialto, CA: 9623 SF strip center built in 2002 on 1.22 ac lot along busy corridor in San Bernardino County. Major tenant: Pacific Dental Services. Across from Walmart, close to Arrowhead Regional Medical Center and with easy access to I-10. 87% NNN leased. Pro forma NOI $293K/yr. $4.659M. 6.30% cap.
  10. MOB in San Jose, CA: 4752 SF well maintained medical office building in affluent Silicon Valley with an AHI of $137K/yr in a 3 mile radius. Adjacent to Princeton Plaza Mall & close to Westfield Oakridge and Hwy85. Unpriced.
(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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