Monday, January 18, 2016

01-04: MOB, Office Building, Retail Center, Strip Center



Daily Best Commercial Properties

  1. MOB in Warren, MI: 9266 SF well maintained single tenant medical office building on .72 ac lot in a densely populated area with over 300,000 residents in a 5 mile radius. New 10 yrs NNN lease to PACE, a tenant providing senior health care and support. NOI $120K/yr with rent increases starting in yr 6. $1.72M. 7% cap.
  2. Shopping 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. $5M. 7.55% cap.
  3. Retail Center in Cordova, TN: 17,360 SF retail center built in 2002 on 1.69 ac lot at a signalized corner location. Good demographics: 50% pop growth and AHI of $96K/yr in a 1 mile ring. 100% leased to local, regional and national tenants. $1.9M. NOI N/A.
  4. Office Building in North Chesterfield, VA: 8938 SF attractive multitenant office building completed in 1992 on 1.50 ac lot in affluent (AHI $108K/yr) Richmond suburbs. Close to three major centers and Johnson Willis Hospital. 100% NNN leased. NOI $162K/yr. $1.95M. 8.31% cap.
  5. Strip Center in Berwyn, IL: 6657 SF strip center built in 2000 on .57 ac lot at a hard corner location and along busy corridor in upper middle-class area. 100% NNN leased. NOI $101K/yr. $1.35M. 7.54% cap.
  6. Retail Center in Phoenix, AZ: 24,858 SF L-shaped retail center constructed in 2006 on .57 ac corner lot. Close to I-10. NNN leased. NOI $212K/yr. $2.95M. 7.20% cap.
  7. Shopping Center in Las Vegas, NV:  28,381 SF attractive shopping center built in 2003 on 2.83 ac lot at a main retail artery. Across from Walmart. 100% NNN leased. NOI $329K/yr. $4.625M. 7.12% cap.
(c) Transmercial 2016
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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