Wednesday, February 10, 2016

01-27: Retail Plaza, Office Buildings, Strip Centers, Shopping Centers



Daily Best Commercial Properties

  1. Retail Building in Montgomery, AL: 15,376 SF well maintained retail building along major retail corridor. Across from 964,717 SF Eastdale Mall with 100 stores and near Hwy 231. 100% NNN leased to Advance Auto Parts and Meineke Car Care with 10 yrs left. NOI $115K/yr. $1.645M. 7% cap.
  2. Retail Plaza in Avondale, AZ: 21,188 SF attractive retail center constructed in 2003 on 2.58 ac corner lot with good ingress/egress in Phoenix suburbs. 83% leased. NOI $151K/yr. $2.025M. 7.50% cap.
  3. Office Building in Melbourne, FL: 6400 SF Class-B multitenant office building on .53 ac lot along busy thoroughfare. $1.36M. Cap N/A.
  4. Retail Center in Dallas, TX: 36,659 SF consisting of four buildings on 3.73 ac lot in a high income area with an AHI of $111K/yr. 94% leased with good tenant mix including: Leslie's Pool Supplies, North Texas Physical Therapy, Campbell Village Veterinary Hospital, Armani Salon, Cleaners among others. Actual NOI $360K/yr. $4.652M. 7.75% cap.
  5. Old Spaghetti Factory in Fairfield, OH: 10,224 SF free-standing building on 1.30 ac outparcel to Forest Fair Village Mall in Cincinnati suburbs. Close to Mercy Health Hospital and I-275. 100% NNN leased with 11 yrs left. NOI $190K/yr. $2.58M. 7.4% cap.
  6. Strip Center in Royal Palm, FL: 8340 SF eye-catching strip center completed in 2004 on .78 ac outparcel to Commons at Royal Palm, a major neighborhood center. 100% leased to three tenants. NOI $174K/yr. $2.9M. 6% cap.
  7. Retail Center in Austin, TX: 13,286 SF mature retail center on nearly one ac lot. Visible and next to I-35. 100% NNN leased. 7.64% cap. NOI N/A.
  8. Office Building in West Roxbury, MA: 37,618 SF Class-A office building completed in 2004 on over 2 ac lot in affluent (AHI $116K/yr in a 3 mile ring) Boston MSA. 952% leased to a variety of medical practices. 7.40% cap. Price Not Disclosed.
  9. Retail Center in Bremerton, WA: 22,263 SF consisting of three retail centers in a growing middle-class city West of Seattle. Adjacent to Fred Meyer grocery center. 97% leased. Actual NOI $107K/yr. $1.279M. 8.40% 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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