Monday, December 28, 2015

12-10: MOB, Meineke Car Care Center, Office Building, Retail Centers, Office Buildings


Daily Best Commercial Properties

  1. MOB in Colorado Springs, CO: 11,876 SF Class-A multitenant medical office building constructed in 2001 on over 1 ac lot in upper middle-class area with an AHI of $82K/yr in a 3 mile radius. 95% leased. Actual NOI $160K/yr. $2.195M. 7.30% cap.
  2. Meineke in Jacksonville, FL: 5760 SF seven-bay car care center renovated in 2013 on .80 ac lot along busy corridor. Close to I-95. 100% NNN- lease with over 3 yrs left. NOI $85K/yr with 3% annual rent increases. $990K. 8.64% cap.
  3. Shopping Center in Houston, TX: 77,553 SF well maintained shopping center on nearly 6 ac lot at a signalized intersection anchored by Foodarama, a dominant supermarket chain with nine stores. 98% NNN leased. NOI $441K/yr. $5.69M. 7.76% cap.
  4. Retail Center in Naperville, IL: 11,254 SF high-quality constructed retail center completed in 2007 on over 1 ac lot along busy corridor in growing and affluent (AHI $140K/yr) neighborhood. 100% leased. NOI $203K/yr. $2.9M. 7% cap.
  5. Office Building in Madison Heights, MI: 27,776 SF well kept office building on 3 ac lot along major artery in Detroit suburbs. Close to Costco and I-75. NNN leased to medical and professional tenants. NOI $315K/yr. $3.5M. 9% cap.
  6. Retail Center in Gurnee, IL: 23,468 SF retail center on 1.50 ac lot along main corridor in growing Waukegan suburbs. With easy access to Hwy-41. 100% leased. NOI $300K/yr. $4M. 7.50% 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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