Monday, February 8, 2016

01-25: Avanti Hospitals, Office Buildings, MOB, Retail Centers, Shopping Centers



Daily Best Commercial Properties

  1. MOB in Norwalk, CA: 18,985 SF well maintained medical office building on 1.28 ac lot along busy retail corridor in densely populated Los Angeles area. 100% absolute NNN corp lease with 11 yrs left to Avanti Hospitals, a regional operator with four locations and 875 physicians. NOI $314K/yr with 3% annual rent increases. $5.715M. 5.50% cap.
  2. Retail Center in Antioch, CA: 11,000 SF retail center on 1 ac lot at a signalized intersection in growing Contra Costa county. Close to Century Plaza, Somersville Towne Center and Hwy-4. 80% leased. NOI 117K/yr. $1.549M. 7.60% cap.
  3. Retail Center in Yuba City, CA: 30,578 SF attractive retail center along major retail corridor in a growing city in Sacramento metro. Adjacent to Yuba Sutter Mall. 100% NNN leased to PetSmart, Chipotle and Schools Financial. Pro forma NOI $548K/yr. $8.4M. 6.53% cap.
  4. Strip Center in West Jordan, UT: 7647 SF attractive strip center on .24 ac lot along busy corridor in growing Salt Lake City suburbs. 100% leased. NOI $124K/yr. $1.55M. 8% cap.
  5. MOB in Niles, IL: 27,401 SF single tenant medical office building completed in 1994 on over 1 ac lot in a growing and high income area with an AHI of $91K/yr in a 3 mile radius. 100% NNN- lease with 8 yrs left to Illinois Cancer Specialist. NOI $535K/yr with 3% annual rent increases. $8.305M. 6.45% cap.
  6. Retail Center in Lakeville, MN: 9488 SF attractive retail center in affluent (AHI $125K/yr) Minneapolis suburbs. With easy access to I-35. 100% lease with retail and medical tenants. NOI $220K/yr. $3.1M. 7.10% cap.
  7. Office Building in Orlando, FL: 20,032 SF Class-A single-tenant office building on 1.82 ac lot. With easy access to I-4. Newly executed 10 yrs NNN lease to Vista Clinical Diagnostics. NOI $519K/yr with 3% annual rent increases. $6.2M. 8.40% cap.
  8. Retail Center in Mandeville, LA: 10,582 SF seven-units attractive retail center on .80 ac lot along major artery in a fast growing and high income (AHI $105K/yr) city just North of Lake Ponchartrain. Only 2 units available for lease. Actual NOI $148K/yr. $1.85M. 8% cap. Upside potential.
  9. Office Building in New York, NY: 28,750 SF Class-A multitenant office building in affluent area with an AHI of $149K/yr in a 1 mile ring. 97% NNN leased. 8% cap. NOI N/A.
(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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